Hello Folks, we saw a freak trade in Bank Nifty Options Trading today morning.
This was the Bank Nifty 40,000 Call Option of 21 Oct 2021 expiry, which is the Thursday this week. See the day high. It was 1200! But Bank Nifty did not even go near 41,000 today. The day high in bank Nifty futures was about 40,050, so this option should have gone to about 300 because 2 more days are remaining for expiry, but it went till 1200!