Weekly Top Ten Equity Derivatives – Sep 6, 2026

1. SK Hynix (000660 KS) Uptrend Resuming (Tactical Entry, Long-Term)

By Nico Rosti, MRM Research

• After losing nearly 60% of its value from its peak at the end of June, SK Hynix (000660 KS) appears may have started resuming its uptrend.
• In our latest insight we made a tactical call for a possible restart of the rally, target at 1.7-1.9M (the stock peaked at 1,792,000 on August 18, then pulled back).
• This insight leverages our model to present support price zones where to buy SK Hynix’s current pullback, to enter a tactical, asymmetric risk LONG trade to ride the trend long-term.

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2. Advantest Corp (6857 JP) Tactical Outlook Ahead of Nikkei 225 Rebalance Announcement

By Nico Rosti, MRM Research

• By the end of this week we should know the changes for the Nikkei 225 (NKY INDEX) rebalance. We already know that Advantest Corp (6857 JP) will be capped.
• As we know from Brian Freitas research since Advantest’s weighting must drop from roughly 12.2% down toward the 10% threshold, the required scale of supply hitting the market is significan.
• Advantest’s core business is experiencing a massive fundamental surge due to high-performance AI semiconductor testing demand, so the structural “passive selloff” is battling strong “fundamental buying” from active institutional investors.

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3. SK Hynix (000660 KS): 2x Leveraged ETF Redemptions Compound 13% August Index Loss

By Gaudenz Schneider

• SK hynix (000660 KS) fell 3.8% in August MTD, while its 2x Leveraged Index declined 13.4% and combined KRX-listed ETF AUM fell 28% to KRW 3.8tn.
• The seven KRX-listed 2x long ETFs recorded combined net outflows of KRW 763bn, with units outstanding declining in six products and redemptions amplifying negative performance.
• Daily flows in the long and inverse ETFs were negatively correlated, causing associated hedge flows to reinforce rather than offset each other, although the larger long products dominate the effect.

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4. KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance

By Nico Rosti, MRM Research

• Sanghyun Park posted recently about stocks added/removed to KRX Semis (091160 KS) at September’s rebalance, this insight will look at support zones to buy during the current correction and profit targets.
• The ETF sits at price that offers a tactical LONG entry – this insight leverages our model data to evaluate if this is a good point to enter the trade.
• Market sentiment on KODEX Semicon remains cautiously bullish with high tactical volatility, possibly an opportunity to buy at discounted price, with a long-term profit target view.

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5. WEEKLY Tactical Recap: Samsung Electronics, CATL, Gold, Softbank Group, NetEase, BHP, POSCO Holdings

By Nico Rosti, MRM Research

• Our WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.
• We apply our quantitative models to each instrument’s trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.
• Most overbought:  BHP Group Ltd, POSCO Holdings, Bank of China, Hitachi Ltd. Most oversold: NetEase Cloud Music, Samsung Electronics, Meituan, Gold, Softbank Group, Contemporary Amperex Technology (CATL) 

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6. Kospi Index Options Monthly September 2026: Oversold Kospi Could Put Volatility Back in Play

By John Ley, Clifton Derivatives

• August’s muted rally was accompanied by rapidly falling implied volatility.
• Kospi’s relative weakness versus SPX may attract bargain hunters and raise the possibility that renewed market momentum could recharge volatility.
• The history of vol premium in prior Septembers offers a cautionary backdrop as implied vols emerge from a steep decline.

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7. Macro Monthly September 2026: Volatility Setups Emerge After a Sleepy August

By John Ley, Clifton Derivatives

• August’s sleepy performance gives way to a historically challenging September backdrop, although macro conditions may overwhelm the usual seasonal patterns.
• CSI300 and Kospi offer sharply contrasting historical September vol premium patterns, making both assets particularly interesting this month.
• Potential hedging opportunities emerge with historical September behaviour placing Kospi and HSI firmly among the markets worth watching.

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8. Hong Kong Single Stock Options Weekly Aug 31–Sep 4: SHEIN Options Trading Debuts With Mixed Results

By John Ley, Clifton Derivatives

• A late-week rebound changed the tone after a soggy start with single stock option volumes following suit.
• The debut of 625 drew attention as both the shares and newly listed options began trading during a difficult week.
• Financials separated themselves from the broader market as performance across the rest of the optionable universe remained weak.

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