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Reddit / WSB-Jul 16, 10:49 AM
Arbitrage opportunity in SK Hynix ADR vs KRX shares
SK Hynix shares trade at a 33% premium on NASDAQ compared to the Korean exchange. A user proposes shorting the NASDAQ ADR and buying KRX shares to capture the spread, estimating a maximum profit of $30k.
Why it matters: Key risks include premium spikes during trading hour gaps and limited availability of shortable ADR shares.