"White-haired Stock God" Serenity: Foreseeing the South Korean memory chip market in advance, EWY trading achieved a 383% return

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Deep Tide TechFlow News, June 09 — "White-haired Stock God" Serenity posted on the X platform reviewing an investment case in the Korean market, stating that its volatility expansion trade on the Korean ETF EWY yielded approximately 383% returns.
The trade was established when EWY's implied volatility (IV) was around 32%, and later the volatility increased to 58%, driven by the rise of leading Korean memory chip stocks such as SK Hynix and Samsung Electronics, resulting in significant gains for its deep in-the-money positions.
Serenity added that this was one of its most successful trades this year and expressed particular satisfaction in having anticipated that the volatility of the Korean stock market would significantly expand due to the increased concentration of the memory industry.
EWY-1.81%
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