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Thursday set for big move as option traders pile up huge bets

Mint Mumbai

|

December 19, 2024

Market sentiment turned extremely bearish, coinciding with US Fed policy and ahead of the weekly Nifty expiry on Thursday, as traders sold a record value of market-wide calls relative to put options.

- Ram Sahgal

Thursday set for big move as option traders pile up huge bets

Analysts, however, said a sliver of positive news could result in a huge rally, given the massive bearish sentiment.

The value of calls sold exceeded that of puts by a record ₹8.43 trillion on Wednesday, according to IndiaCharts. These include index and stock call and put options on the NSE, the country's largest stock exchange.

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