Non-professional investors now make up a bigger part of the US options market than ever, pouring money especially into short-term bets and favoring technology stocks, according to JPMorgan Chase & Co. Retail traders were responsible for 18.3% of the total options activity in June, a record, the bank’s strategists led by Bram Kaplan wrote Friday … Read more
The surge in Indian equity derivatives that’s driven up volumes to the highest in the world is spurring concern among the nation’s policymakers that the frenzy may hurt efforts to harness household savings for productive purposes. Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail … Read more
A former Jane Street Group trader who moved to Millennium Management ridiculed his former employer’s claims that he used its secret strategy to make a killing at his new job in India’s options market. Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that … Read more
Indian option traders appear to be relatively unconcerned that the upcoming general election will disrupt the market’s steady climb higher, potentially leaving them vulnerable to an unexpected outcome. While NSE Nifty 50 Index’s monthly options expiring just after the election have risen slightly in value relative to shorter-term contracts as the world’s largest democratic exercise … Read more
