---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42645880.md"
description: "$XL2CSOPHYNIX(07709.HK) My current move is to liquidate the 2x Samsung SDI position and switch to the US-listed ADR. Even with leverage, it's roughly the same 2x exposure. Given the premium and decay on this one, I really don't want to hold on. You can consider this approach."
datetime: "2026-07-14T07:02:49.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42645880.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42645880.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42645880.md)
author: "[Oliver0322](https://longbridge.com/en/profiles/21214108.md)"
---

# $XL2CSOPHYNIX(07709.HK) My current move is to liqu…


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## Comments (6)

- **牙签 · 2026-07-14T07:10:43.000Z · 👍 3**: The premium on US stocks is too high. There should be a sell-off later, and you've already endured the full wear and tear of a two-fold decline. Clearing your position only now isn't ideal, as the gain from a 2x leverage in an uptrend is > that of a 2x margin financing on the underlying stock.
  - **Oliver0322** (2026-07-14T07:12:19.000Z): The premium from each doubling will eat up a lot of the gains. I think the premium in U.S. stocks might persist in the short term.
  - **牙签** (2026-07-14T07:19:40.000Z): No, sometimes corrections due to premium issues can result in gains less than twice that of the underlying stock, but overall it's about the same. Moreover, a 2x leverage has a natural compounding eff
  - **Oliver0322** (2026-07-14T07:23:10.000Z): I understand this, a unilateral rise is definitely twice as strong, but you have to consider the possibility of a volatile market. It's not the previous main upward trend anymore.