EQD / NSE Vol Update / IVs Marked Higher & Vol Curve Inverts ... Its All About the Budget

412 Views22 Jul 2024 02:18

Boomeranged on Wed, 24 Jul 2024 16:25

The 23.07.2024 Budget announcement was pegged to be a large event-risk. The event has now taken place , & has had a marked impact on the Options market.

SUMMARY

Weekly IVs marked significantly higher. Options demand returns post holiday-shortened week. Market focuses on 23.07.2024 Budget & Corporate Earnings announcements.
Put-Call Ratio compression + Rising IVs indicative of call-buying activity. Significant Open-Interest buildup seen in 25000 calls.
Vol Term-structure: Entire curve in Backwardation. Much of which can be attributed to the India Budget event. Curve expected to flatten out post event.

Try Now

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to: