India’s new closing auction reshapes options trading and hedges
Traders said India’s new closing auction has led them to cut options positions and add hedges as sharp price swings in the final 15 minutes make closing levels harder to predict.
By Vivek Kumar MIndia's new closing auction is changing how options traders work, with market participants cutting positions and adding hedges as sharp price swings in the final 15 minutes make closing levels harder to predict, several traders said.Average daily options turnover, which accounts for…