Options Intelligent Investment Report: SKHY surged 27% and fell before the market. ASML and Intel both rose
Opportunity Outlook: SK Hynix’s U.S. stock options ushered in the first trading day, and the stock price fluctuated widely. It had risen 27% in a single day and fell 6.51% before the market opened. At this stage, its U.S. stock ADR has a premium of about 42% relative to Korean stocks. Since the corresponding arbitrage channel has not yet been opened, the high premium status is difficult to quickly repair. On the first day of listing, the implied volatility of the stock's options was as high as 130.69%, reflecting the market's unanimous prediction that the underlying stock will continue to fluctuate violently in the future, and there is strong sentiment in the long-short game.
SK Hynix’s U.S. stock options ushered in their first trading day, and the stock price fluctuated widely. It rose 27% in a single day before and fell 6.51% before the market opened. At this stage, its U.S. stock ADR has a premium of about 42% relative to Korean stocks. Since the corresponding arbitrage channel has not yet been opened, the high premium status is difficult to quickly repair. On the first day of listing, the implied volatility of the stock's options was as high as 130.69%, reflecting the market's unanimous prediction that the underlying stock will continue to fluctuate violently in the future, and there is strong sentiment in the long-short game. ASML rose 3.06% before the market opened. The core driver was that the second quarter financial report exceeded market expectations. The company simultaneously raised its full-year performance guidance and planned to increase its low numerical aperture EUV equipment production capacity by 30% in 2027. Options signals show that the stock’s put/call trading ratio fell back to 0.82, with an implied volatility of 65.05%. Intel rose 2.43% before the market opened. The positive logic is concentrated in the advanced foundry business: its 18A process yield has increased to 85%, and it has also won chip foundry orders from Nvidia, OpenAI and other companies. Options trading showed a clear bullish tendency, with the put/call volume ratio only 0.41 and the implied volatility reaching 98.31%. On July 14, Eastern Time, the trading volume in the U.S. stock index options market declined, with a total of 5.33 million contracts traded. The put/call turnover ratio fell to 1.01. For the upcoming expiration date, the S&P 500 options volume distribution shows the following characteristics: put volume peaks at 7,540 points, and call option volume peaks at 7,600 points. Micron Technology closed up 4.92%, with 551,600 options contracts traded, and the put/call volume ratio rose to 1.05. KeyBanc analysts raised Micron's price target to $1,750 and expect memory prices to continue to rise until 2027. IBM Corp closed down 25.21%, with 494,400 options contracts traded, and the put/call volume ratio rose to 0.81. IBM released preliminary second-quarter results, with revenue of $17.2 billion lower than expected, and its stock price plummeted 25% to a record. Options trading volume rankings Among the top 10 stocks by options volume, Micron Technology has the highest put/call volume ratio at 1.05. The highest put/call position ratio is Micron Technology, reaching 1.29. The top ten stocks by trading volume: The top ten indices by trading volume: Introduced volatility ranking (underlying market value > 1 billion US dollars, and option trading volume > 100,000) Lucid Group has the highest implied volatility and the largest increase, reaching 288.42%, an increase of 168.50% from the previous trading day. Lucid Group denied rumors of bankruptcy and said the company has sufficient liquidity to maintain operations until next year. CleanSpark had the second largest increase in implied volatility, reaching 116.00%, an increase of 18.80% from the previous trading day. CleanSpark signs a US$6.6 billion 20-year data center lease agreement with global technology companies. (