Long-Dated Options Now Available for Direxion’s South Korea Bull 3X ETF

New options contracts expiring in January 2027 have officially begun trading for the Direxion Daily South Korea Bull 3X ETF (KORU), providing investors with long-term leveraged exposure to the South Korean market. The introduction of these LEAPS (Long-Term Equity Anticipation Securities) allows traders to implement complex strategies, such as covered calls or cash-secured puts, to manage cost basis or generate income on the volatile 3x leveraged product. With KORU currently trading at $435.75, specific contracts are already seeing activity. A put option with a $390 strike price is currently bidding at $160.40, while a call option at the $440 strike is bidding at $176.30. The market is pricing in significant volatility for the fund. Implied volatility for the put and call contracts stands at 140% and 130%, respectively, which is notably higher than the actual trailing twelve-month volatility of 107%. These instruments enable traders to hedge against or speculate on South Korean equity movements over a multi-year horizon, though the high leverage of the underlying ETF increases the risk profile of these positions.