I would not go into details, but ST's statement is correct that Option Price depends a lot on Gamma and IV. Just because the spot price is same, does not means that the Option Price would also be same as the previous incidence.
Even if the spot price remains exactly the same, still the option price can go up or down, based on other factors. It happens all the time, nothing new in this.
Even if the spot price remains exactly the same, still the option price can go up or down, based on other factors. It happens all the time, nothing new in this.
Gamma is important at OTM strikes towards the end of the month. At the start of the month it is negligible for the ATM strike of 8350 which he supposedly sold.
Only 3 factors that matter at the start of the month are vega, theta and delta for ATM
The time decay was worth about Rs.10 and add in some volatility of another Rs.15 which most probably was NOT there. The total is still well short of 100 points profit that he claims.
The ce entry and exit prices have been conveniently left out of his posts.
He has been caught many times before this so no answer is expected..
Do you think that the claim of profit of 100 points is true or false??