Svmuu News: Options on SK Hynix American Depositary Receipts (ADRs) began trading on the American Options Exchange on Tuesday. As of 10:25 a.m. New York time, options trading volume had reached approximately 33,000 contracts, with more than two-thirds of those 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 about 2,900 contracts, followed by put options with a strike price of $145. In addition, call options expiring in August with a strike price of $200 were also popular, with trading volume exceeding 1,500 contracts.
Daniel Kirsch, head of options at Piper Sandler, said traders are expected to actively position themselves for short-term trades anticipating that SK Hynix ADRs will continue to rise this week. “We expect demand for short-term, bullish options to be very strong, especially for call options expiring this Friday, as retail investors are likely to rush into this product,” he said. (Jin Shi)