If I can say that it is plain foolish to buy 0.05 options and hope it jumps is very true 
It is only bcos I'v seen jumps, I'v had a 0.5 jump to 7.3 and make money.
So each time in expiry, since there is Lakhs of OI to expire, the few thousands you see, like the old me, are betting on it.
Its only later, that you learn that it doesn't happen all the time
My o.05 has jumped to 0.5 - 0.7 on 3 occasions out of many.
Every one can on few days in a month gamble on Inr. 1-2k and expect it to loose 90% of the time.
Its all idiots some times, and some idiots all the time
No hard feelings for those who do it, just don't aggressively question the logic
It is only bcos I'v seen jumps, I'v had a 0.5 jump to 7.3 and make money.
So each time in expiry, since there is Lakhs of OI to expire, the few thousands you see, like the old me, are betting on it.
Its only later, that you learn that it doesn't happen all the time
My o.05 has jumped to 0.5 - 0.7 on 3 occasions out of many.
Every one can on few days in a month gamble on Inr. 1-2k and expect it to loose 90% of the time.
Its all idiots some times, and some idiots all the time
No hard feelings for those who do it, just don't aggressively question the logic
