Global markets
Overnight, the US indices continued uptrend whereby DJ (+0.99%) closed record high as market was in risk-on mode on the nomination of Scott Bessent as Treasury Secretary. This role is important in economic and trade regulations. Bessent has called for deregulation and tax reforms and opposed overly strict trade tariffs. S&P (+0.30%) and NASDAQ (+0.27%) joined the optimism too.
VIX is the implied volatility of 1month S&P500, gauging market s...

Settlement – Cash settlement or physical delivery.
Cash-settled option does not require actual delivery of the underlying. Option buyers and sellers only settle the difference in cash payments.
Physical delivery of option requires underlying stocks to be delivered, rather than offsetting the contracts. Hence, the options buyers and sellers need to buy / sell the underlying stocks at expiration. It involves more capital usage. Hence, for traders who do not want...