Listing of Single Stock Weekly Options Including Samsung Electronics and SK hynix
The Korea Exchange announced on May 29 that it plans to list weekly single stock options in order to lay the groundwork for the development of various exchange-traded funds (ETFs) and to provide domestic investors with a wider range of investment opportunities.
According to the exchange on June 1, only monthly maturity options for individual stocks are currently listed in the domestic options market. However, the lack of weekly options products has limited the development of diverse ETFs.
In overseas markets, derivative ETFs that utilize various strategies based on weekly options products have already been launched, leading domestic investors to turn to foreign markets. In response, the exchange will list weekly single stock options for underlying stocks with high market demand, such as Samsung Electronics, SK hynix, Hyundai Motor, and LG Energy Solution.
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The exchange stated, "Financial investment firms will be able to develop a variety of covered call ETFs based on weekly single stock options that meet investor needs. It is expected that this will offer new investment opportunities to domestic investors, help mitigate the outflow to overseas markets, and contribute to the revitalization of the domestic capital market."
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