SK Hynix options begin trading. But another group of stocks is stealing its thunder

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SK Hynix options debuted Tuesday to less fanfare than one might have expected given the year-long rally in the stock and a 20%-plus surge on Tuesday alone. About 150,000 options traded in SK by midday Tuesday and while more calls traded than puts, the most popular directional trade by volume was selling calls, according to Cboe LiveVol data. Cboe offered five expiries: five monthly options that expire the third Friday of July, August, September, December and March 2027. While volume was higher than the 110,000 contracts traded on the VanEck Semiconductor fund (SMH) , and almost double the volume in Sandisk or Marvell , it's less than a third of the volume in the Roundhill memory ETF (DRAM) , or Micron , which traded about 380,000 contracts Tuesday. Nvidia traded about 2.3 million as of writing. SK Hynix U.S. shares One explanation for the lack of notable call-buying is that the surge in single-stock ETFs and leveraged funds with exposure to the South Korean chip sensation stole a ...

UK wasted £10bn on PPE that left NHS staff poorly protected, Covid inquiry finds

Image source, Getty Images By Jim Reed Health reporter Published 14 July 2026, 12:01 BST Updated 3 hours ago The lives of NHS staff and patients were put at risk in the pandemic because of a lack of adequate personal protective equipment (PPE), with almost 10bn of taxpayers money wasted in a scramble to buy more, the Covid inquiry has said. The chair Baroness Hallett described the "vast" waste in pandemic procurement, amounting to 9.9bn two-thirds of the 14.9bn the UK and devolved governments spent on PPE. The country entered the pandemic with its stockpile of masks, gowns and gloves in a "perilous state" and was "simply not ready to compete" in the global race to secure new supplies, added the chair. She criticised the controversial "VIP lane", which prioritised offers of PPE from those with political connections, as a "misguided" policy which undermined public confidence. But she said there was "no evidence of cronyism or corruption" by ministers or other officials when awarding the final contracts. When the cost of home testing kits and other equipment, such as ventilators, was included, the total amount spent by the government between January 2020 and June 2022 exceeded 42bn, the inquiry found. The UK's emergency stockpile of PPE, meant to last at least 15 weeks before being replenished, was running out by the end of March 2020 as demand from hospitals soared. Only a third of the masks in England's pandemic stockpile were usable, the inquiry found, while Scotland had no supplies of high-grade respiratory masks used in hospitals. At the time, care homes, GP surgeries and pharmacies were all expected to source their own PPE, something the report described as a "major failure in planning". Covid inquiry PPE report - key findings Published 3 hours ago What is the UK Covid inquiry and how does it work? Published 16 April Covid inquiry turns to PPE deals and the 'VIP lane' Published 3 March 2025 Covid inquiry rejects last-minute bid from Michelle Mone Published 3 March 2025 In total the UK government was forced to write off 9.9bn worth of PPE that was either unused or out of date, as well as 157m for unused healthcare equipment. The "ventilator challenge" programme, where suppliers were asked to develop breathing equipment at short notice, led to another 143m charge for designs that never made it into production. In Scotland approximately 8mn of healthcare equipment, including PPE and testing kits, was written off. In Wales 18m was spent on unused PPE and in Northern Ireland 43m of masks, gowns and gloves were at risk of expiry before they could be used. The inquiry said that, although it was better to have purchased too much PPE in a pandemic than too little, it would "clearly have been better if supply had been calibrated more closely with demand". "Better planning would have resulted in fairer, faster and less costly procurement decisions," the report concluded. Government contingency plans had "never been stress tested" and officials and ministers were...

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