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How Some Traders Try To ‘Manage’ Nifty Bank
How some investors make quick returns in the final 90 minutes of options trade...
11 Mar 2019, 09:10 AM IST
A lopsided banking index makes it possible for some investors to manage the weekly Nifty Bank options for quick returns on the day of expiry. All in the final 90 minutes of trade.At the core of this strategy is HDFC Bank Ltd., which has a weight of more than a third on the Nifty Bank Index. A 1 percent (about Rs 20) move in the stock changes the banking gauge by 0.35 percent (nearly 100 points). This correlation is used to increase v...
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