SK Hynix ADR options trading initially leans toward short-term contracts

Odaily Planet Daily News: Options on SK Hynix American Depositary Receipts (ADRs) 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, with a volume of approximately 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 a volume exceeding 1,500 contracts.

Daniel Kirsch, Head of Options at Piper Sandler, stated that traders are expected to actively position for short-term trades anticipating SK Hynix ADRs to continue rising this week. "We anticipate very strong demand for short-term, bullish options, especially call options expiring this Friday, and retail investors are likely to quickly flow into this product," he said. (Jin Shi)