SK Hynix ADR options trading in its early stage tends to favor short-term contracts

Golden Finance News reported that on July 14, options on SK Hynix’s U.S. depositary receipts (ADR) began trading on Tuesday on the U.S. options exchange. As of 10:25 a.m. New York time, the options trading volume had reached about 33k contracts, with more than two-thirds concentrated in short-term options expiring this Friday. The most actively traded was a call option with a strike price of $185, with volume of about 2,900 contracts, followed by a put option with a strike price of $145. In addition, the August-expiring call option with a strike price of $200 was also quite popular, with trading volume of over 1,500 contracts. Daniel Kirsch, head of options trading at Piper Sandler, said traders expect to actively position for short-term trades of SK Hynix ADR as it continues rising this week. “We expect demand for short-dated call options to be extremely strong, especially call options expiring this Friday, and retail investors are very likely to rush into this product quickly,” he said.
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