SK Hynix ADR options trading initially favors short-term contracts

Odaily Odaily News SK Hynix American Depositary Receipts (ADR) options began trading on U.S. options exchanges on Tuesday. As of 10:25 a.m. New York time, options trading volume had reached approximately 33,000 contracts, with over two-thirds concentrated in short-term options expiring this Friday. The most actively traded were call options with a strike price of $185, seeing volume of around 2,900 contracts, followed by put options at $145. Additionally, call options expiring in August with a strike price of $200 were also popular, with volume exceeding 1,500 contracts.

Daniel Kirsch, head of options business at Piper Sandler, stated that traders are expected to actively position for short-term trades betting on SK Hynix ADR continuing to rise this week. "We anticipate very strong demand for short-dated, bullish options, especially call options expiring this Friday. Retail investors are likely to flock to this product quickly," he said. (Jin Shi)