Cboe expects SK Hynix options to trade two days after Nasdaq debut, source says

Derivatives exchange Cboe Global Markets anticipates listing options on SK Hynix's U.S.-traded shares two business days after the stock's market debut, according to a source familiar with the matter. The South Korean chipmaker is set to begin trading on Wall Street following a significant $26.5 billion share sale.

Analysts view this initial public offering as a critical indicator of investor sentiment toward the artificial intelligence sector, especially after recent volatility in semiconductor stocks. The options, tied to the Nasdaq listing, will operate under established regulatory guidelines and the Options Listing Procedures Plan framework. SK Hynix, with a market valuation of approximately $1.03 trillion based on its South Korea-listed shares, has not yet responded to a request for comment.

Options trading typically enhances a stock's liquidity and price discovery, enabling market participants to hedge risks or speculate on future price movements. Investors have shown strong interest in AI-related companies, driven by expectations of sustained demand for chips and computing infrastructure. However, recent concerns over high valuations have led to increased market fluctuations.

Daniel Newman, CEO of tech research firm Futurum Group, noted that SK Hynix demonstrates resilience in shallow market corrections due to its strategic supply chain. In more severe downturns, Micron's diversified approach and U.S. presence might offer a safer alternative. The potential for substantial retail investor involvement could also fuel an active options market for SK Hynix, mirroring the record trading volumes seen with Elon Musk's SpaceX options launched last month.

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In a shallow correction, SK Hynix holds up better because its supply is the most locked and the most strategic. In a deep AI winter, Micron's diversification and U.S. positioning make it the relative safe haven.