Only one weekly expiry per exchange: Too much drama having expiries every day alternating between exchanges. So now each exchange chooses an index for a weekly expiry and has only one of them per week. So from Nov 20, 2024, only two weekly expiries will be there, from the current five.
While I don't think the volumes will reduce (people will just move to the weekly that they can instead) but it's better than having the madness daily. And with the other calspread removal, upfronting of options premium etc. the volumes should subside a little at the extreme retail end.
SEBI changes the F&O Game
The boring stuff: Options to be paid upfront
Option premiums have to be paid by options buyers. Sounds obvious, but currently, intraday, the exchanges just block the broker's collateral for options bought, which therefore allows one person to effectively buy and sell intraday using another person's collateral. This must be a few brokers that provided this facility to allow mad intraday options buy positions. From Feb 2025, this won't happen - clients will have to pay up from their money for such purchases.
No Calendar spread on expiry day: You can sell an option on expiry day and buy a futures or options for a later expiry (like sell weeklies, keep a monthly buy on a different strike or so)
This provides a "calendar spread" benefit that reduces margins by as much as 50%. This lower margin allows a person with X lakh rupees in margin to take 2 times the position as he would without the calendar spread benefit. And SEBI doesn't like it. So they've removed the spread benefit only for expiry day (if one leg of any spread is expiring that very day only)
This is not a bad idea, as there was a large amount of retail scalping happening on daily options expiries, especially selling straddles. There is systemic risk in case the offsetting calendar option doesn't move anywhere close to the expiring one (can happen in case of sudden spikes) - which makes sense on expiry day because max trading happens there.
It tells you something about the indiscriminate high-speed hiring that happened due to the "pandemic" and "digital transformation." Spotify isn't the only one! The tech players had no hiring discipline. Emperors who preach data & using tech for productivity gains have no clothes.
@tarun@kaul_vivek The financial world AUM and Trading Volume are very hard to confuse. In fact it's virtually considered fraud to pass off one as the other.
@kaul_vivek If I buy crypto A worth 5k, sell it and buy crypto B worth 5k; a convoluted way of presenting these numbers could be that I have invested 10k in crypto till date.
Peak Design's response to Amazon copying their “Everyday Sling” is nothing short of genius.
You can't fight Amazon in court. But you can fight them with humour.
IIIT Hyderabad is conducting a memorial service to pay homage and share its fondest memories of Prof R Govindarajulu on Monday 22nd March from 6:30pm - 8pm IST. Please join us online via Zoom at bit.ly/3c3OboU
What a historic victory and what a team! Congratulations to team India for conquering Gabba, retaining the Border-Gavaskar trophy, and moving to the first spot in the World Test Ranking. This victory has hit home!
#JaiHind#INDvsAUS#GabbaTest#TeamIndia#IndianCricketTeam
Wishing you strength and determination in achieving your dreams, may this year be full of success and happiness. Happy New Year 2021!🎉
#NewYear#develop#tech#2021year#startup
An incredible team of #researchers at @iiit_hyderabad led by CV Jawahar - Dean, R&D has developed a #MachineLearning model that can automatically translate a video of a person speaking in one language to another.
Commendable work done by the team!
bit.ly/IIITH-ML
I am going to spend a few hours every week talking to college students. I have a few ideas about topics I feel I can help with — interview preparation, mentorship, technical advice on projects, brainstorming on ideas.
Rahul Bhargava, our Managing Partner shares insights into the impacts and rise of startup incubation advisory in India.
Read the full article at: yourstory.com/2020/07/startu…