See, the
bid-ask price.
90-500, 250-500 etc
Not recommended for traders.
Even for option writers have to wait for settlement which is a big risk. There may be no buyers even price move to their favour, buying price may remain a lot higher. Prices are very absurd and unfavourable for both buyers and seller due to lack of demand and supply.
It is risky to buy sell with such highly illiquid options...
Pathetic OI, less than 100 in most of the strikes even after nerly two week passed.
Sorry not promising at all..
U can't sell even 5-10 lots without big slippage.
U can't square off without big slippage and u'll face worst bid-ask slippage.
Demand and supply are very poor.
MCX ignored crude, gave Gold unfair 1st chance, now the whole project of MCX option is under threat. 1st impression is very bad. There is no enthusiasm at all.
I have warned here giving the Gold unfair chance would be a blunder. But who listens to traders. Common Sense is most uncommon in Market.
Here people use emotions.
There was a Dhamaka plan to start MCX Options with GOLD on Dhanteras without analyzing demand supply!!! The result is in front of us. Option sellers can't sell, hedgers can't buy due to very less participants. This is because there is the complete absence of traders.