Whale closes SK Hynix ADR price spread arbitrage position, earning approximately $442,700
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According to monitoring by Hyperinsight, SKHX is priced at $1,069.5, SKHY is priced at $137.91, and the ADR equivalent price is about $1,379.1, representing a 28.9% premium over SKHX. A whale wallet beginning with 0x434 expanded spread trading and made a combined profit of around $442,700. This whale sold 20,000 SKHY long positions at an average transaction price of about $137.6, with a total transaction amount of around $2.753 million, incurring a loss of approximately $133,000; and closed 4,500 SKHX short positions at an average price of about $1,071.1, totaling roughly $4.82 million and earning a profit of around $576,000. The whale exited the market 17 hours before the financial report was released.
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