Today’s down move got a mixed response from FII’s with some of them covering longs and some covering shorts
6363 longs in index F were covered and 2046 shorts reduced.
Option activity again showed almost an equal number of calls and puts being shorted, but the big change from yesterday was the rush to buy protection in the form of long puts.
As we are approaching the expiry week, the inventory has still not hit the max for the series and we will see how the rest of the money gets deployed as we enter seasonality wise a bullish last ten days of the month.