The CSOP SK Hynix Daily (2x) Leveraged Product dropped 5.02% in intraday trading on Tuesday, reflecting amplified losses after the underlying stock SK Hynix declined 1.90% amid a wave of bearish institutional options activity.

The selloff in the leveraged product was driven by aggressive bearish sentiment surrounding SK Hynix, where options flow revealed a stark imbalance. Total bearish bets reached $15.52 million, dwarfing a mere $0.44 million in bullish activity. A standout $4.15 million synthetic short position—constructed by buying 5,000 January 2027 $120 puts and selling 5,000 January 2027 $220 calls—signaled strong institutional conviction that the stock's upside is capped. Additional bearish pressure came from a $0.74 million call sale involving 4,500 August 2026 $160 calls, further reinforcing the cautious-to-bearish outlook among large traders.

As a 2x leveraged product, the CSOP SK Hynix Daily instrument magnifies the daily performance of SK Hynix, meaning the 1.90% decline in the underlying stock translated into an outsized 5.02% loss for holders of the leveraged product. The overwhelming bearish options flow suggests institutions are positioning for continued weakness in SK Hynix shares.