SK Hynix ADR options trading initially favors short-term contracts

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BlockBeats message, July 14: Options on SK hynix’s American Depositary Receipts (ADR) began trading on Tuesday on the U.S. Options Exchange. As of 10:25 a.m. New York time, option trading volume has already reached about 33k contracts, with more than two-thirds concentrated in short-dated options expiring this Friday. The most active contract is a call option with a strike price of $185, with volume of about 2,900 contracts, followed by a $145 put option. In addition, the August-expiring call option with a strike price of $200 is also quite popular, with volume exceeding 1,500 contracts.

Daniel Kirsch, head of options at Piper Sandler, said traders expect to actively position SK hynix ADR options this week as it continues to rise in the short term. “We expect demand for short-dated, bullish-direction options to be extremely strong, especially call options expiring this Friday, and retail investors are likely to rush into this product quickly,” he said.

SKHY23.09%
SKHYNIX11.65%
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