Like a movie star at a premiere, Mohammad Nasiruddin Ansari steps out of the back seat of a white Mercedes. Flanked by a phalanx of black-clad bodyguards, he strides into the lobby of a luxury hotel and takes center stage in a ballroom as indoor fireworks machines spew fountains of…
In 2023, Indian investors traded 85 billion options contracts, more than anywhere else in the world. The country has topped the charts since 2019, when it first overtook the US in the volume of annual trades.
India Business News: Learn about the risks and losses faced by retail traders in India's booming options market. Find out why experts are concerned about the growing popularity of options trading and its impact on regular investors.
Ansari is meeting his fans in Pune, about 90 miles south of Mumbai. He’s selling the dream of stock market riches to India’s fast-growing cadre of small investors. With half a million social media followers, he’s pushing an especially risky strategy: trading stock options, often as all-or-nothing bets on future share prices.
(Bloomberg Markets) Like a movie star at a premiere, Mohammad Nasiruddin Ansari steps out of the back seat of a white Mercedes. Flanked by a phalanx of black-clad bodyguards, he strides into the lobby of a luxury hotel and takes center stage in a ballroom as indoor fireworks machines spew fountains of sparks. “If you don’t make money in three months, I will give you 2 million rupees [$24,000],” he declares to cheers from the adoring crowd in a scene that’s still playing on YouTube.Most Read f