Sebi sets new intraday limits for index options to curb risky bets
Published in Mint | September 2025
Market participants noted that the new intraday position-limit framework used delta-based monitoring with delta measuring how much an option's price changes with a change in the underlying index. "The move misses risks like gamma (how fast delta changes) and vega (sensitivity to volatility). These can cause large swings in positions during volatile markets", Akhil Puri, Partner, Financial Advisory, Forvis Mazars in India said.