Recent polls show that President Luiz Inácio Lula da Silva's lead over Flavio Bolsonaro has narrowed, and demand for bullish options in Brazil's Ibovespa Index is strong, driving the country's benchmark stock index up 1.55%. According to compiled data, the November Ibovespa bullish option open positions with an exercise price of 200,000 points surged to 4.5 million on Tuesday. The number of open positions on the previous trading day was 1.1 million.

Recent polls show that President Luiz Inácio Lula da Silva's lead over Flavio Bolsonaro has narrowed, and demand for bullish options in Brazil's Ibovespa Index is strong, driving the country's benchmark stock index up 1.55%. According to compiled data, the November Ibovespa bullish option open positions with an exercise price of 200,000 points surged to 4.5 million on Tuesday. The number of open positions on the previous trading day was 1.1 million.