NTES
NEUTRAL WIN- Entry
- $117.23
- Target
- $99.89
- Stop
- $134.57
NTES IV crush play: iron condor around 2026-05-21 earnings. IV rank 70%, ATM IV 45.3%, expected move ±8.7% (wings at 1.7x), front/next IV ratio 1.2. Mechanical IV collapse should dominate post-announcement.