Volatility spikes ahead of G-20 summit
LONDON - Dealers reported a sharp rise in short-dated options trading at the end of last week, as traders positioned for swings in the foreign exchange markets ahead of this week's G-20 summit in London.
Simon Smollett, London-based senior options strategist at Calyon, said prices for one-week options shot up on Thursday and Friday, as traders put on last-minute hedges to protect against downside risks.
"For the last two days of the week, there have been signs that people are buying more options
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