Absolute horror show in Sensex today, falling close to 2500 points, more than 3% in the first few minutes of CAS.
These are India's largest 30 companies, which are trading like memecoins.
A $4 trillion market has become a laughing stock with the introduction of CAS.
During CAS session, Sensex was down over 2200 points. In short, hitting the CAS -3% boundary limit.
How can you keep the options market running with moves like this?
If SEBI wants to shut off the weekly expiry, then do it directly.
Why force retailers to lose money this way.
As I see Ram Rahim’s convoy speed away I apologize to you @UmarKhalidJNU - scholar ho isiliye andar ho, rapist hote to kabh ka baahar nikal jaate.
Do not despair. The mountain is moving. Hum dekhenge.
@SEBI_updates Is there a committee that is observing the Openings and Closings post CAS launch?
If there isn’t, there should be one. And it should include people who actually trade.
Three weeks in we have had:
- a 200 point move on day one,
- a 271 point drop in 30 seconds on Wednesday, attributed to a single trade in one stock,
- an interim order against two entities for what SEBI calls prima facie manipulation on 13 August.
Sitting on an implementation without ears to the ground is NOT a win, keeping market away from manipulations/fat fingers IS.
@SEBI_India If you guys still cannot acknowledge the problem created by linking CAS with derivatives expiries, then I don’t know what can convince you.
#CASkiAwaaz#DelinkCAS
Did my part !!
Mailed the regulator about our concerns regarding the CAS.
Have just put out logical arguments.
I've heard SEBI does go through suggestions.
So do your bit too if you think CAS needs improvement.
@CNBC_Awaaz@ZeeBusiness@_anujsinghal@SEBI_updates
Would be great if business channels could have a discussion with professional traders like @fintinity to understand how CAS is actually impacting the markets
@AnilSinghvi_@_anujsinghal
Now the only way to prevent 0DTE manipulation is to settle 0DTE options at 3:15 on that day.
Anyway the whole point of CAS is to have tradability for big funds,reduce tracking error. And give option for hedging post 3:30.
So closing 0DTE options at 3:15 solves all problems no?