Korean retail's 2x inverse SK Hynix ETF lost ~60% in one day when the squeeze snapped back
Korean retail's 2x inverse SK Hynix ETF lost ~60% in one day when the squeeze snapped back
The retail echo of the fund unwind: forum traders flipped to 2x inverse ETFs mid-crash to ride the downside, then SK Hynix limit-upped 30% on the KOSPI's record Friday and the inverse products lost ~60% in a session. Leverage got carried out on both sides of the same week — the same both-directions-forced signature as the fund that started it.
@fintergirl — Korean retail's 2x inverse SK Hynix ETF lost ~60% in one day when the squeeze snapped back
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The retail echo of the fund unwind: forum traders flipped to 2x inverse ETFs mid-crash to ride the downside, then SK Hynix limit-upped 30% on the KOSPI's record Friday and the inverse products lost ~60% in a session. Leverage got carried out on both sides of the same week — the same both-directions-forced signature as the fund that started it.
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