The contracts of the three major storage companies have rebounded by more than 20% from their lows, while trading volume and open interest have contracted.

Using the low point on November 6 as a reference, as of this morning, the contracts for Micron, SanDisk, and SK Hynix that are mapped to Korean stocks on Hyperliquid have rebounded by approximately 22.9%, 22.1%, and 21.3%, respectively. Trading volume for all three contracts declined in the past 24 hours compared to the 24 hours prior to their respective lows, and the nominal open interest (OI) contracted across the board. Micron's trading volume fell from $462 million to $192 million in the past 24 hours, and its nominal OI fell from $181 million to $161 million. SanDisk's sales decreased from $585 million to $261 million, and OI's sales decreased from $169 million to approximately $99.5 million, a reduction of about 41%. Hynix's sales decreased from $740 million to $447 million, and OI's sales decreased from $348 million to $315 million.