đŠ $SKHX WHALE EXITS SPREAD TRADE AHEAD OF EARNINGS â PREMIUM CONTRACTS! đ°
A whale running a "short SKHX, long SKHY" spread unwound the full position approximately 17 hours before SK Hynix Q2 earnings. The premium between the Korean stock and ADR contract narrowed from 33% to 28.9%, with the mapping contract falling 16.2% alongside. đ
The trader realized a combined ~$442K profit, with the SKHX short contributing $576K in gains while the SKHY long lost $133K. Notably, the hedge was partial â only 44.4% coverage â meaning part of the profit came from the Korean contract's decline itself. đĄ
This exit signals caution on further premium expansion or a precaution against pre-earnings spread compression. đ Are whales signaling that ADR premium convergence is the smarter bet before a binary earnings event? đŹ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž $SKHX #SpreadTrade #WhaleActivity #EarningsPlay #Crypto
đŠ âĄ
A whale running a "short SKHX, long SKHY" spread unwound the full position approximately 17 hours before SK Hynix Q2 earnings. The premium between the Korean stock and ADR contract narrowed from 33% to 28.9%, with the mapping contract falling 16.2% alongside. đ
The trader realized a combined ~$442K profit, with the SKHX short contributing $576K in gains while the SKHY long lost $133K. Notably, the hedge was partial â only 44.4% coverage â meaning part of the profit came from the Korean contract's decline itself. đĄ
This exit signals caution on further premium expansion or a precaution against pre-earnings spread compression. đ Are whales signaling that ADR premium convergence is the smarter bet before a binary earnings event? đŹ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž $SKHX #SpreadTrade #WhaleActivity #EarningsPlay #Crypto
đŠ âĄ