Hedge Funds Use Downside Puts to Exploit Structured Product Mismatch

Hedge funds are buying short-dated downside puts on Hong Kong indices and the Kospi 200 and selling upside calls to capture a premium created due to a mismatch in callable structured product flow, according to traders.

  • 15 Aug 2013

Hedge funds are buying short-dated downside puts on Hong Kong indices and the Kospi 200 and selling upside calls to capture a premium created due to a mismatch in callable structured product flow, according to traders.

An equity derivative trader in Hong Kong said there was a large ...

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