Foreigners had established

a fierce speculative market for options.

Foreigners had established a sell-off position again in the run-up to the early March holiday until yesterday, and the profit segment was between 335 and 357 based on the kospi 200 index, which is roughly between 2530 and 2700.

But today, as individuals and brokerages took excessively speculative positions in long positions buying call options and selling put options, the stock price has already fallen to the 334 limit of the foreign earnings segment.

This is a natural separation adjustment ahead of the end of the month, and the fluctuation was greatly expanded as Koreans responded to it with speculation. In order for the Korean financial market to develop and Koreans to gain stable profits in the financial market, the option market must be regulated and reduced to less than 1/20 of the current size. It is even more desirable to eliminate the option market at all.

(Although derivatives are called for advanced finance and financial competitiveness, derivatives trading has become world-class, there is no history of growing into a global competitive financial company among securities companies, asset managers, and funds. It is only acting as a cash machine for foreigners by making the Korean stock market the world's largest casino. What derivatives are needed for a topic that a hedge fund cannot manage properly? What derivatives are they when there are no products to hedge?)

The decline in stock prices is at a level where foreigners' options positions have concluded. Unless more speculative positions are increased in options, the stock price could end its decline at the current level and start to rise again in March.