Have been actively following, and doing a couple of trades, in the expiry week.
Now I have question:-
In 5600PE there has been, upto 14:45 hrs, an increase in OI of approx 5.4million. LTP was Rs. 1.3 when I checked the figures. Now I can understand the Option writer trying to make a few bucks (from 19 to zero means a profit of 19 Rs. in a day!!). I cannot understand what is there in it for the counter-party who buys the Option. Can anyone throw light on possible explanations for this?
Thanks in advance.