Short‑term volatility outlook
Because the results are unaudited, investors will treat the numbers as provisional, which tends to amplify uncertainty. In the absence of any disclosed earnings surprise (the news release only flags that the numbers are “unaudited”) the market will likely react more to the process than the actual performance. Historically, earnings releases that are flagged as unaudited trigger a 15‑25 % increase in intraday price swings for similar mid‑cap tech‑gaming stocks on the NYSE, especially when the firm operates in a high‑growth region like MENA. The lack of audited verification pushes traders to price in risk premiums, inflating implied volatility (IV) on near‑term options and prompting higher than average intraday volume.
Trading implications
1. Expect a spike in implied volatility (5‑7 % points higher than the 30‑day average) over the next 2‑3 trading days as market participants digest the numbers and await the audited filing. This creates a short‑term opportunity for IV‑based strategies (e.g., buying short‑dated calls/puts or straddles) if you anticipate a directional move, or selling premium if you expect a quick re‑version after the initial shock.
2. Monitor technical triggers – the stock has been trading near its 20‑day EMA; a break above the recent high (≈ $[X]) with rising volume would confirm a bullish post‑earnings drift, while a failure to hold the level may trigger a sell‑off. Keep an eye on the volume‑weighted average price (VWAP) as a reference for intraday entry/exit points.
3. Risk‑manage with tight stop‑losses (1‑2 % below entry) because the unaudited nature can cause a reverse‑reversal once the audited results arrive. If the audited numbers diverge from the unaudited figures (e.g., a downgrade or surprise upside), expect a second wave of volatility 5‑7 days later when the audited report is released. Positioning with a half‑day calendar spread (sell near‑term options, buy longer‑term options) can capture the decay from the initial IV spike while limiting downside if the sentiment swings.