Korean stocks have rebounded again. One day in ICU, one day in KTV😂. The daily EMA 50 had a false breakdown and then came back with volume. Next week, everyone in storage can breathe a sigh of relief. This month also has Hynix ADR, Samsung earnings, and Hynix earnings.

Options side
Short-term Micron options sentiment leans bearish. The current Put/Call volume ratio has reached 1.44, and the open interest ratio has also risen to 1.28, indicating that a large amount of capital is buying Puts or conducting downside hedging.

If the stock price continues to fall, such positions may further amplify volatility. But if the stock price stops falling and rebounds, the hedging unwinding from Put closing could also drive the stock price up quickly. Since the Korean stock market performed well on Friday, it is likely to follow with a rebound next week under current conditions.