🚨 $SKHX WHALE EXITS SPREAD TRADE WITH $442K PROFIT HOURS BEFORE EARNINGS 🐋💰
Body:
A whale running a "short $SKHX , long
$SKHY " spread just closed both legs ahead of SK Hynix's Q2 earnings (due 8 AM Beijing time July 29). The move locked in ~$576K profit on the short leg while the long leg lost ~$133K — netting $442,700. 📊 The ADR premium collapsed from ~33% to ~28.9% as both contracts dropped, but the whale timed the exit perfectly.
What’s telling? The long position only hedged ~44% of the short — meaning part of the profit came from the Korean contract falling harder. 🦈 This isn't a full arb; it's a directional bet on premium compression. With earnings 17 hours away, the whale chose to de-risk rather than ride the volatility. 🔍
💬 Do you think the premium will snap wider after earnings, or is this the beginning of a full convergence? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#SKHX #SKHY #Hyperliquid #EarningsTrade #Crypto 🐋 📉