India has had a history of market manipulation and stock market crashes. One specially high profile one was 1992 after which SEBI got it's powers. While what J

India has had a history of market manipulation and stock market crashes. One specially high profile one was 1992 after which SEBI got it's powers. While what JS did would likely be allowed (borderline) in many other markets, it would be looked at highly suspiciously in India. The underlying narrative is clear, where Indian retail traders are green and need more protection to invest their wealth rather than simply earn interest (India's saving interest is 3.5% and a fixed deposit pays at 7.5%). SEBI also banned shortselling in India for a similar reasons of protecting retail investors. Even institutional investors who can short are not allowed naked shorts or closing their positions in short period (within a day). SEBI values market stability. Overall, Indian traders are inexperienced and not as aware when it comes to options, so expect a regulator to be extra strict here. Free market is a good argument, but that has never been an explicit prerogative for the regulator. When SEBI cautioned against options, they cited speculative bets and disadvantage against institutional investors.[1] [1]: https://blog.liquide.life/sebi-new-rules-options-trading-impact/ https://blog.liquide.life/sebi-new-rules-options-trading-imp...