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SK Hynix Options Hit 160% Volatility on Day One. Do Not Buy Them.

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ticker lesson

Breakdown

0:00SKHY· ticker

SK Hynix options launched, 3-day-old stock

  • Options launched July 14th
  • Stock trading 3 days
  • Massive sell-off post-IPO
  • Rallied on options launch day
  • Zero open interest today
2:19lesson

Implied volatility and market structure

  • SKHY IV not yet available
  • SpaceX 3-day IV: 84%
  • IV dropped from >200% at IPO
  • Bid-ask spreads: 5–15 cents
  • Higher prices → wider spreads
4:36SKHY· ticker

SK Hynix skew and trade structure

  • Stock at $184 → $185
  • Puts skewed slightly upside
  • 160 puts: $1.59 buy power
  • 155 put: $0.60 bid
  • Verticalize to reduce risk
6:50lesson

Short options with defined risk

  • Avoid buying options in high IV
  • Sell call spreads for bullish
  • Sell put spreads for bearish
  • Use 3-day options for tight markets
  • Max profit: $200 vs $16k capital
9:01lesson

Risk discipline in new options markets

  • Do not over-leverage
  • Avoid large position sizes
  • Expect big moves in SKHY
  • Implied volatility can collapse
  • Do not trade beyond comfort

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