Is there a better way to wake them up with a jolt from their slumber?
So much of representations, and no response from the regulators!
June 29, 2017 expiry ITM Options Settlement Price figure (?) alone is Rs.255,993 Crores! Rs.2,55,992,54,52,601 should be that.
It is likely that this kind of definition is made (elsewhere, which would escape everyone's eye) to ensure option buyers will sell it at cheaper fearing STT towards expiry. Not to mention the beneficiaries are the option writers, who can cover them even below the intrinsic value.
Now, it is upto the ITM option holders to take it up with the broker!