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The index closed at 11.31 on October 25, before shooting as high as 12.17 from the low of 8.82 in the previous session – traversing a range of 38 percent.
Options trading in India has seen an explosive growth over the last three years, with the annual turnover of options premia climbing from a little over Rs 13.12 lakh crore in FY19-20 to Rs 118.88 lakh crore in FY22-23.
A section of the market, especially those who were sitting on cash, is happy with the heavy selling, as they are getting an opportunity to deploy money. However, another section, namely, put option writers, is scrambling hard to contain the heavy toll that the routing has delivered to them.
Shubham Agarwal explains an Option trading strategy in a choppy market.
The matter pertains to trading losses sustained by traders due to technical glitches caused due to the utilization of bandwidth to its maximum capacity on July 7.