Investors in the Direxion Daily South Korea Bull 3X ETF (KORU) can now trade new options for December 2028, introducing potential opportunities for options sellers. Currently, a put contract at the $820 strike price has a bid of $664.40, offering a cost basis of $155.60 for investors if exercised. This represents a 1% discount to KORU’s current trading price of $829.95. Analytical data suggests a 96% chance of the put contract expiring worthless, which could yield an 81.02% return on the cash commitment, or 32.25% annualized.
On the call side, a $900 strike call contract has a bid of $600.10. If an investor buys shares of KORU at $829.95 and sells the call, they would commit to selling at $900, potentially achieving a total return of 80.75% if exercised. The strike price is about 8% above the current trading price, with an 11% chance of the contract expiring worthless, leading to a 72.31% return boost, or 28.78% annualized. The implied volatility for the put is 215%, while the call’s implied volatility is 162%, highlighting the market’s expectation of price fluctuations.
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