Nifty June series sees short strangle build-up at 21,000-24,000 strikes as election nears, signals more upside bias

Options data suggests that traders have started betting and positioning for elections. There is a steady creation of short strangles at the 21,000 and 24,000 strikes for June expiry. The strategy provides a cushion of only 1,000 points on the downside but 2,000 points on the upside, analysts say Read The Rest at :