Street Signs: Rich investors' US election

It seems a number of high networth individuals (HNIs) had bought put options ahead of the US election results to hedge the possibility of a steep fall in case of a Donald Trump victory.

 Put buying was seen at strike prices of 8,200 and 8,000 while major call writing was seen at 8,500 and 8,600 strike prices, say brokers    Nifty Trading Tips

 Following the election outcome, benchmark indices fell six per cent before trimming losses on Wednesday The markets once again saw a sharp three per cent drop on Friday, causing a sharp increase in prices of Nifty put options. “The index might find some stability near to 8,200 levels but it is missing follow-up buying at higher levels a cause of concern for bulls,” said an expert.                     

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It seems a number of high networth individuals (HNIs) had bought put options ahead of the US election results to hedge the possibility of a steep fall in case of a Donald Trump victory. Put buying was seen at strike prices of 8,200 and 8,000 while major call writing was seen at 8,500 and 8,600 strike prices, say brokers. Following the election outcome, benchmark indices fell six per cent before trimming losses on Wednesday.     Stock Market Astrology


The markets once again saw a sharp three per cent drop on Friday, causing a sharp increase in prices of Nifty put options. “The index might find some stability near to 8,200 levels but it is missing follow-up buying at higher levels a cause of concern for bulls,” said an expert.

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