SK hynix closed at USD 182.99, rising 4.64%.
The options tape showed a distinctly bullish large-trade tilt. A $1.94 million call purchase dominated activity, while a $112 thousand put sale added to the constructive tone. With call volume running nearly twice put activity and long-dated upside calls attracting significant premium, the flow suggests institutional traders are positioning for a sustained advance rather than hedging against a pullback.
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Options Indicators
SKHY’s implied volatility is 62.06%, while its IV percentile is just 2.13%, indicating that although the absolute IV level is not low, it sits near the bottom of its own historical range. In other words, recent option pricing is on the cheap side rather than elevated, and with the IV/HV ratio at 1.00, implied volatility is closely aligned with realized volatility, suggesting current premiums are generally fairly matched to actual movement rather than showing a meaningful volatility overpricing.
The Call/Put volume ratio is 1.95.
Large Trades
A call purchase worth $1.94 million was the standout large trade, with 1,356 contracts of the December 18, 2026 $210.00 call bought. With SKHY referenced at $182.99, this strike sits out of the money, making it a clearly bullish directional bet that looks for meaningful upside over a longer-dated horizon. The buyer is paying premium for convex upside exposure, suggesting expectations for a sustained advance rather than a near-term defensive hedge.
A put sale worth $112 thousand was the other displayed large trade, with 1,384 contracts of the September 18, 2026 $175.00 put sold. Given the current stock reference of $182.99, this put is out of the money, so the seller is expressing a moderately bullish stance by wagering that SKHY will stay above $175.00 into expiration while collecting premium. Taken together, the large-trade flow points to a bullish overall read: the dominant action was aggressive upside call buying, while the additional put selling reinforces a constructive outlook and suggests traders are leaning toward further gains with limited concern about a breakdown below the lower strike area.
Strategy Reference
For traders seeking a low assignment probability short premium position, selling the September 18, 2026 $150.00 put offers a wider buffer below the $175.00 strike already sold in large flow, while those wanting defined risk without heavy margin could consider a bull call spread such as buying the December 18, 2026 $190.00 call and selling the $210.00 call against it.
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