SK Hynix ADR Trades at 23.4% Premium to Korean Stock on July 13, Two Whales Bet on Convergence

SK Hynix-15.36%
SKHY-0.98%
According to Hyperinsight, SK Hynix ADR (SKHY) on July 13 trades at a 23.4% premium to its Korean stock equivalent (SKHX), with SKHY at $153.69 versus SKHX at $1,245.4. Two whale addresses are betting on price convergence with large leveraged positions: a 0x257-prefixed address holds $7.89 million in dual positions (10x long 2,500 SKHX + 10x short 31,031 SKHY), currently up $339,000; a 0xf517-prefixed address holds $6.09 million (10x long 2,145 SKHX + 5x short 22,223 SKHY), currently down $389,000.
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