“White-Haired Stock God” Serenity: Accurately Forecasted South Korea’s Memory Chip Market; EWY Trade Delivered 383% Return
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“White-Haired Stock God” Serenity: Accurately Forecasted South Korea’s Memory Chip Market; EWY Trade Delivered 383% Return
“White-Haired Stock God” Serenity posted on X, reviewing an investment case in the Korean market, stating that his volatility expansion trade on the Korean ETF EWY yielded a return of approximately 383%. The trade was initiated when EWY’s implied volatility (IV) stood at around 32%, subsequently rising to 58%. This surge coincided with gains in Korean memory chip leaders such as SK Hynix and Samsung Electronics, generating substantial profits from Serenity’s deep in-the-money positions. Serenity added that this was one of his most successful trades this year and expressed particular satisfaction with his early call that Korean equity market volatility would expand significantly due to increased concentration in the memory industry.
Navigating Web3 tides with focused insightsTechFlow reports that on June 9, Serenity—nicknamed the “White-Haired Stock God”—reviewed a Korean market investment case on X, stating that his volatility expansion trade on the Korean ETF EWY yielded approximately a 383% return. The trade was initiated when EWY’s implied volatility (IV) stood at around 32%, subsequently rising to 58%. Concurrently, gains in leading Korean memory chip stocks—including SK Hynix and Samsung Electronics—significantly boosted the returns on his deep in-the-money positions. Serenity added that this was one of his most successful trades this year and expressed particular satisfaction with his early call that Korean equity market volatility would expand substantially due to rising concentration in the memory industry.
