​Funds Drive Norway, Denmark Put Flow; Add Sweden Upside

U.K. hedge funds have been buying puts and put spreads on the OBX, as well as puts on single stocks in Norway and Denmark that have exposure to the oil industry following the OPEC meeting last week. Those funds, however, have been at the same time adding to their upside positions in Sweden’s OMX Stockholm 30 index due to current steep skew levels in the underlying.