After a severe drop driven by leveraged ETF forced selling and foreign outflows, option market positioning has flipped bullish. If Samsung Electronics and SK Hynix can reclaim technical resistance levels (SK Hynix 220,000–250,000 KRW; Samsung Electronics 282,000–300,000 KRW), the trend will turn decisively higher. The rebound should at least retrace 50% of the decline.
After a severe drop driven by leveraged ETF forced selling and foreign outflows, option market positioning has flipped bullish. If Samsung Electronics and SK Hynix can reclaim technical resistance levels (SK Hynix 220,000–250,000 KRW; Samsung Electronics 282,000–300,000 KRW), the trend will turn decisively higher. The rebound should at least retrace 50% of the decline.