Storage Giant Futures Rebound Over 4% as Aggregate Open Interest Hits $881M
Storage giant futures staged a broad rebound today, gaining more than 4% as aggregate open interest across major memory-chip tracking contracts reached $881 million. Synthetic and derivative mapping contracts tracking SK Hynix, Micron Technology, and SanDisk posted robust intraday advances, rising approximately 5.24%, 4.26%, and 6.11%, respectively. Market data indicates SKHX is trading at $940.60 with $384 million in open interest, while SKHY climbed 4.78% to reach $139.72 alongside $200 million in outstanding commitments. Concurrently, Micron (MU) tracking contracts changed hands at $897.74 with an open interest of $163 million, and SanDisk (SNDK) settled higher at $1,336.40 with $134 million in open interest, underscoring strong institutional repositioning within the digital asset and synthetic equity derivatives sectors.