HomeNewsOpinionIn The Money | Gamma’s the next Greek on the options trading block

In The Money | Gamma’s the next Greek on the options trading block

Despite Gamma being a seemingly small number, it has a significant impact on how sensitive the option is to the underlying

Ananya Roy

June 19, 2023 / 07:55 IST

In The Money | Gamma’s the next Greek on the options trading block

Punjab and Sind Bank | CMP Rs 32.80 | Shares of Punjab and Sind Bank jumped 3 percent in early trade on June 8 on the state-own lender’s plan to raise capital through bonds. The bank’s board will meet on June 12 to consider the proposal to raise capital through the issuance of Basel-III-compliant additional Tier-I or Tier-II bonds of up to Rs 750 crore in one or more tranches within 12 months from the date of approval. The Punjab and Sind Bank stock has given a return of 4.42 percent over the last six months, outperforming the Nifty Bank index, which has given a return of 1.91 percent during the same period.

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