Tech-led selloff drives record volume in NDX options

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NEW YORK : The selloff in U.S.stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks.

By comparison, the S&P 500 is off 4 per cent from its record, also set earlier this month.

The popularity of NDX options has tended to suffer because they are comparatively more expensive than derivatives on other indexes.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Nasdaq Tech Options Index Cent Trading Contracts Record Stocks Volume

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 03:40:40 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21777294

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 63 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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News Language: English

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Publisher ID: #27

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