21st October 2024 (Monday)
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Market Commentary
Trading the 3x Long & Short Tesla DLCs

Tesla will annnounce its Q3 financial results after the US market close on Wednesday, 23 Oct. Tesla management will also hold a live webcast that day to discuss the Company’s financial and business results and outlook. 

How can investors position themselves using the 3x Long and Short Tesla DLCs?

1. Position ahead of the Tesla earnings release

As Tesla earnings results will be announced after the US market close this coming Wedneday, this means that investors have till Wednesday 5pm Singapore time to trade the 3x Long Tesla DLC (TSYW) or 3x Short Tesla DLC to position themselves ahead of the earnings release.

It is important to note that investors can only trade the Tesla DLCs during SGX market hours and cannot manage their position overnight during US market hours. 

2. Initiate a position after the Tesla earnings release during SGX market hours

Tesla will report after the US market close on Wednesday 23 Oct (or early in the morning Thursday 24 Oct Singapore time) and investors can monitor how the Tesla share price reacts to the results in the US post-market session before initiating a position.

Depending on the share price reaction, investors can initiate a 3x Long or 3x Short position using the Tesla DLCs when SGX market opens at 9am on Thursday 24 Oct morning where Societe Generale will provide liquidity for investors to buy and sell the DLCs. 

Not to sure how the 3x leverage perfromance works for the Tesla DLCs?

Watch the video below on how the US Stock DLCs work or visit the US DLC page here for more educational information on the products features including the risks as well as for the full list of US Stock DLCs. 

TSYW
TESLA 3xLongSG261006
TSLA 3x Long
Last Price1
3.930 +0.213
(+5.73%)
Last Update: 18/10/2024 17:28
 
TSXW
TESLA 3xShortSG261006
TSLA 3x Short
Last Price1
6.360 +0.242
(+3.96%)
Last Update: 18/10/2024 17:28
Last Price1: The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
  CLICK FOR MORE PRODUCT INFO  

 

PHILLIP POEMS US STOCK DLC PROMOTION

 

TIGER BROKER DLC PROMOTION 

 

MOOMOO US STOCK DLC PROMOTION 

 

LIM & TAN SECURITIES US STOCK DLC PROMOTION 

 

Education
US Stock DLCs: What are the benefits and how does it work?

Click here to watch the video

Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
CYMW HSTECH 5xLongSG241218 +0.01% -0.001
(-1.43%)
0.069 373K
CWRW HSTECH 5xLongSG250904 +0.01% 0
(0.00%)
0.193 304K
ZYBW HSI 7xShortSG260605 -0.41% +0.008
(+4.53%)
0.184 280K
DRPW Tencent 5xLongSG250716 -1.44% -0.022
(-6.43%)
0.320 247K
DVXW Meituan 5xLongSG251113 -0.16% 0
(0.00%)
0.153 185K
DHQW STEng 5xLongSG250515 -1.66% -0.044
(-8.99%)
0.445 149K
UMCW HSTECH 7xLongSG261105 +0.01% +0.031
(+1.21%)
2.600 123K
CZLW HSI 5xLongSG250416 -0.41% -0.003
(-1.71%)
0.172 123K
CZRW HSI 5xShortSG261029 -0.41% +0.004
(+3.12%)
0.132 120K
RQGW HSI 7xLongSG251216 -0.41% -0.049
(-2.45%)
1.955 114K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 18/10/2024 and 21/10/2024 11:50.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 18/10/2024 and last bid price on 21/10/2024 11:50.
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