Plan for the Federal Budget: Advice for Option Traders

Both the Sensex and the Nifty have dropped by about 3 percent so far this month, and investors are waiting for the important Budget day, which will determine the near-term direction of markets. Futures and options traders, though, will be seeking methods to survive the day's uncertainty. Rising volatility and falling prices before the Union Budget imply underlying market anxiety. In just three trading days, the India VIX has jumped from 13....