Latest : The problem is resolved 2 minutes after this post was published.
A strange paradox is seen today in HINDPETRO PUTS.
PUT 230 is trading at Rs. 57-58 as I write.
But Upper Price Range for PUT 240 is specified as Rs. 49.05. It has not been changed since yesterday.
Look at the Quote for PUT 230:
Upper Limit is Rs. 77.
And PUT 240 :
Upper Limit is Rs. 49.05.
It has not been updated since last evening close whereas PUT 230 has been done.
The stock price is rightly shown but how the upper limit of Rs. 49.05 is right at this price point.
It is really atrocious mistake on the part of NSE which is keeping traders under unnecessary pressure.
Let us see when it is rectified.
Thumbs down for NSE for the moment.
Ravi kumar October 5, 2018 at 10:41 am
It seems to be corrected now..On Zerodha 240 PE is now Rs. 69… Phee..Thanks for your comments sir!…should i close or hold on sir?Reply
amit October 5, 2018 at 10:50 am
6 to 67.25 booked amazing sir jiReply
viki October 5, 2018 at 11:07 am
Booked at 68.25. Nice trade.Reply
Arun October 5, 2018 at 11:57 am
What do we do with this hindpetro 240 put now .I’m still holding this.
Ravi kumar October 5, 2018 at 11:59 am
Sir, Closed the Hindpetro 240 PE at Rs 67 (Bought at Rs 7) … Took 165 PE on the reasoning of Growing Crude price, Falling Rs, Credit agencies have downgraded the Trio Oil companies , and with elections around the corner govts will use these companies like toilet papers , for votes! ( all said, ready for a small loss, if trade goes wrong)
Big thanks to you once more!Reply
Nathan October 5, 2018 at 1:34 pm
If such thing happens on expiry day, it will be great injustice to the option holders with ITM or even ATM options.Reply
It may cause great pressure for the traders, forget about Gain and Loss.
It is high time the authorities monitor and ensure timely remedial action.
Ravi kumar October 6, 2018 at 11:32 am
I too made HEROMOTO selection based on ur techniques…and it worked well..sold and entered next strike also.thanks sirReply