Funds eye Nikkei put strategies

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By Daniel O'Leary
31 Mar 2014

Hedge fund investors and some asset managers are entering short-dated puts and put spreads on the Nikkei 225, targeting strikes between 14,000 and 14,800.

Jongbeum Kim, co-head of equities for Asia Pacific at Société Générale in Hong Kong, said investors have been trying to benefit from the range bound nature of the Nikkei, with a slight bias towards a correction. “It’s a slight downside bias, put spreads, are what many investors are ...

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