In the early stage of SK Hynix ADR options trading, there is a preference for short-term contracts.

SK Hynix's American Depositary Receipt (ADR) options began trading on U.S. options exchanges on Tuesday. As of 10:25 a.m. New York time, trading volume for the options hit around 33,000 contracts, with over two-thirds concentrated in short-dated options expiring this Friday. The most actively traded was the $185 strike call option, with volume of roughly 2,900 contracts, followed by the $145 strike put option. Additionally, the $200 strike call option expiring in August was also popular, with volume exceeding 1,500 contracts. Daniel Kirsch, head of options at Piper Sandler, noted that traders are expected to actively position for short-term bets on SK Hynix ADRs continuing to rise this week. "We expect demand for short-dated, bullish options to be very strong, especially call options expiring this Friday, and retail investors are likely to quickly flock to this product," he said.