Nifty June series sees short strangle build-up at 21,000-24,000 strikes as election nears, signals more upside bias

Options data suggests that traders have started betting and positioning for elections. There is a steady creation of short strangles at the 21,000 and 24,000 strikes for June expiry. The strategy provides a cushion of only 1,000 points on the downside but 2,000 points on the upside, analysts say

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​ Options data suggests that traders have started betting and positioning for elections. There is a steady creation of short strangles at the 21,000 and 24,000 strikes for June expiry. The strategy provides a cushion of only 1,000 points on the downside but 2,000 points on the upside, analysts say Options data suggests that traders have started betting and positioning for elections. There is a steady creation of short strangles at the 21,000 and 24,000 strikes for June expiry. The strategy provides a cushion of only 1,000 points on the downside but 2,000 points on the upside, analysts say  Moneycontrol Latest News Read More