Turmoil in India's exchange-traded FX options on forced position unwinding
The premium on out-of-the-money dollar/rupee put options expiring on April 26 soared up to 250%, despite spot dollar/rupee inching up 0.04% to 83.4200.
Sajal Gupta Fx Options Exchange Traded Fx Options Forced Position Unwinding Indian Rupee Central Bank Rule
Source: indiatimes.com