The author highlights a successful volatility expansion trade on $EWY (iShares MSCI South
The author highlights a successful volatility expansion trade on $EWY (iShares MSCI South Korea ETF), driven by memory chip concentration risk and bullish moves in SK Hynix and Samsung. They express pride in predicting the index's volatility surge and call it a 'goated' idea with ~383% return.
“$EWY 32% IV into 58% IV expansion trade. Into underlying SK Hynix / Samsung increase way ITM. Was such a goated call? (~383% return) Had way too many great ideas this year… Still super proud of predicting South Korea index volatility increase due to memory concentration https://t.co/Kjur1bdKp7”Original post：X / @aleabitoreddit ↗
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The author mentions SK Hynix as underlying strength driving the EWY trade, implying bullish momentum in the stock itself due to memory chip demand.
Trade ↗Samsung is cited alongside SK Hynix as underlying strength, indicating bullish sentiment for the stock given its role in memory chips.
Trade ↗The author executed a volatility expansion trade on EWY (South Korea ETF) from 32% to 58% IV, achieving ~383% return. They linked this to memory concentration risk and underlying strength in SK Hynix and Samsung, indicating a strong bullish view on the index's volatility and direction.
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