Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>KRX plans to list KOSDAQ150 weekly options next month, likely October 27, and is lining up market makers to ensure two-way liquidity from day one.</li>
<li>Early volumes for KOSDAQ150 weeklies will be thin, making MMs cautious, but some may step in despite risks.</li>
<li>Early KOSDAQ150 weeklies could trigger spillover trades, as thin volumes and active MMs lead to IV–spot gaps, price dislocations, and triangular arbitrage opportunities.</li>
</ul>


KRX plans to list KOSDAQ150 weekly options next month, likely October 27, and is lining up market makers to ensure two-way liquidity from day one.
Early volumes for KOSDAQ150 weeklies will be thin, making MMs cautious, but some may step in despite risks.
Early KOSDAQ150 weeklies could trigger spillover trades, as thin volumes and active MMs lead to IV–spot gaps, price dislocations, and triangular arbitrage opportunities.


Potential Spillover Trades from Next Month’s KOSDAQ150 Weeklies Launch

KOSDAQ 150 Index

Potential Spillover Trades from Next Month’s KOSDAQ150 Weeklies Launch