In today’s briefing:
- EQD / NSE Volatility Update / 08-Apr-24 to 12-Apr-24
- Vodafone Idea Placement – Very Well Flagged but Its Not Going to Fix a Whole Lot of Issues
EQD / NSE Volatility Update / 08-Apr-24 to 12-Apr-24
- Downtrend in IVs stall as market sentiment deteriorates. Vol Regime Model sticks to “High & Down” state.
- Consider Equity Tail hedges/ buying OTM puts in current environment. Roll strikes lower if/when equities weaken further.
- Skew compression seen in BankNifty options as preference for out-of-money puts wane. Skew selling an unsuitable strategy at current levels.
Vodafone Idea Placement – Very Well Flagged but Its Not Going to Fix a Whole Lot of Issues
- Vodafone Idea (IDEA IN) plans to raise around US$2.2bn via a follow-on public offering.
- The deal has been in the works for years and proceeds will be used for capex and short-term debt repayment.
- In this note, we will run the deal through our ECM framework and talk about the deal dynamics.
💡 Before it’s here, it’s on Smartkarma
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