SK Hynix ADR options trading initially shows a preference for short-term contracts

Golden Ten Data reported on July 14 that SK Hynix American Depositary Receipts (ADR) options began trading on the US options exchanges on Tuesday. As of 10:25 a.m. New York time, the options trading volume had reached about 33,000 contracts, with over two-thirds concentrated in short-term options expiring this Friday. The most actively traded were the $185 strike call options, with a volume of around 2,900 contracts, followed by the $145 strike put options. In addition, the August expiry $200 strike call options were also popular, with trading volume exceeding 1,500 contracts. Daniel Kirsch, Head of Options at Piper Sandler, stated that traders are expected to actively position for SK Hynix ADR's continued short-term gains this week. “We expect there to be strong demand for short-term, call-side options, especially those expiring this Friday, as retail investors are likely to flock quickly to this product,” he said.