Options trading close to expiry day resembles casino machine: SEBI

SEBI Whole Time Member Ananth Narayan said the regulator aims to curb the frenzy in derivatives market during expiry day. Trading in index options specifically close to expiry looks like a slot machine in a casino with people hoping to hit jackpot, he said. However, he added that it'd be unfair to compare all of F&O trading with a casino.