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Jane Street barred from Indian markets as regulator freezes $566M

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518 points bwfan123 | 4 comments | 06 Jul 25 14:03 UTC | HN request time: 0.462s | source
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bwfan123 ◴[06 Jul 25 14:03 UTC] No.44480917[source]▶
I am shocked by the size of the retail index options traders. They are selling put options naked without any underlying hedges and getting fleeced as a result.

Two strategies are detailed with trades: 1) expiry day price discrepancies between index options and underlying 2) expiry day painting the close

replies(5): >>44481041 #>>44483656 #>>44483672 #>>44484156 #>>44486667 #
1. steveBK123 ◴[06 Jul 25 20:12 UTC] No.44483656[source]▶
My understanding is that it is the closest to legal gambling available in India and so the local market for gambling type behavior inflates the Indian options volume.
replies(3): >>44483920 #>>44486674 #>>44489764 #
2. ◴[06 Jul 25 20:48 UTC] No.44483920[source]▶
3. throwaway2037 ◴[07 Jul 25 04:08 UTC] No.44486674[source]▶
Why is this down-voted? Thank you to point out the elephant in the room.
4. kamaal ◴[07 Jul 25 12:39 UTC] No.44489764[source]▶
Actually, There are more people on Sports betting sites(Dream11, Jungly Rummy etc) than people who have hold Demat accounts.