SK Hynix ADR Options Trading Favors Short-Term Contracts Early On

BlockBeats News, July 14th, the options of SK Hynix's American Depositary Receipt (ADR) began trading on the U.S. options exchange on Tuesday. As of 10:25 am New York time, the options trading volume has reached about 33,000 contracts, with over two-thirds concentrated in short-term options expiring this Friday. The most actively traded option is the call option with a strike price of $185, with a volume of about 2,900 contracts, followed by the put option with a strike price of $145. In addition, the call option expiring in August with a strike price of $200 is also popular, with a volume of over 1,500 contracts.

Piper Sandler's Options Business Director, Daniel Kirsch, said that traders are expected to actively position themselves for short-term trades anticipating a continued rise in SK Hynix's ADR this week. "We expect that there will be strong demand in the market for short-term, bullish options, especially the call options expiring this Friday. Retail investors are likely to quickly jump into this product," he said.