SK Hynix ADR options trading at the outset tends to favor short-term contracts

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Deep Tide TechFlow message. On July 14, options on SK hynix U.S. Depositary Receipts (ADR) began trading on Tuesday on the U.S. options exchange. As of 10:25 a.m. New York time, options trading volume had already reached about 33k contracts, with more than two-thirds concentrated in short-dated options expiring this Friday. The most active contracts were call options with a strike price of $185, with volume of about 2,900 contracts, followed by put options with a strike price of $145.

In addition, August-expiring call options with a strike price of $200 were also quite popular, with trading volume exceeding 1,500 contracts. Daniel Kirsch, head of options business at Piper Sandler, said traders expect to actively position SK hynix ADR in short-term trades as it continues to rise this week. “We expect demand for short-dated, bullish call options to be extremely strong, especially the call options expiring this Friday, and retail investors are likely to rush into this product quickly.” He said. (Jin10)

SKHY22.24%
SKHYNIX15.62%
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