EQD / NSE Vol Update / Skew & PCR Indicate Active Use of OTM Puts to Hedge NIFTY50 at All-Time-Highs

Nifty50 held supports & recovered in the face of a decent Global Equities sell-off. As highlighted in the update, the PCR & Skew of the options market showed that long equity positions were well hedged using OTM puts. Hence providing support to the underlying via long Gamma/ optionality.