Virtus, FT boosted sold single-stock calls amid Q2 contraction
Counterparty Radar: US mutual fund managers cut $4.3 billion in individual equity options
Virtus Investment Partners and Franklin Templeton added to their single-stock option positions in the second quarter of the year, favouring written calls, as equity prices continued to falter.
The two firms went against the current as most other managers cut the size of their books, with the overall market for US mutual funds and exchange-traded funds contracting by $4.3 billion in Q2, settling at $28.1 billion, according to data collected and analysed by Risk.net’s Counterparty Radar service
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