Traders take fresh bets on Vedanta despite F&O ban
Synopsis
The clients created fresh positions on the 100 strike call and put options. Exchange data at 3:30 pm Monday showed that the 100 strike call witnessed a fresh addition of 128 lots (6,200 shares make one lot) while the 100 put saw an addition of 222 lots.
Mumbai: Why did some clients create fresh positions on the Vedanta counter despite NSE’s clearing corporation levying a minimum penalty of 50,000 per violation per day on clients for trading on a stock in F&O ban?Two brokers ET spoke with believe that the option buyers could have punted in the knowledge of the stock exiting the ban period, and therefore, experiencing huge volatility. The stock has been in ban since September 30, exiting the
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