IRNA reports US forces shelled Iran's Hengam Island.

Options on SK Hynix ADRs began trading on the U.S. options exchange Tuesday. As of 10:25 a.m. New York time total volume was about 33,000 contracts, with more than two-thirds concentrated in options expiring this Friday. The most active contract was the $185 call (≈2,900 contracts), followed by the $145 put. A $200 call expiring in August also traded heavily (over 1,500 contracts). Daniel Kirsch, head of options at Piper Sandler, said traders are positioning for further near-term upside in the ADR and that demand for short-dated bullish options—especially calls expiring this Friday—is expected to be strong, likely drawing rapid retail participation.

Tickmill Group analyst Patrick Munnelly says SK Hynix’s ADR trades at a premium of more than 50% to its Seoul-listed shares, reflecting strong global investor demand for AI hardware and a scarcity premium for AI-focused assets. Chip names led a Wednesday rebound in the KOSPI, but the index had earlier suffered a sharp pullback and its further direction will hinge on whether the interest-rate environment improves.