OMG!! Just noticed the IV of the options. 6000PE is 20+ and 6100CE is 17+ Expiry is just 3 days away.
Maybe because of the RBI policy tomorrow.
Thinking of writing these two strikes.
Maybe because of the RBI policy tomorrow.
Thinking of writing these two strikes.
Reason for this trade: Assuming that RBI will cut 25bps and that is already factored in. The IV were at abnormally high levels (above 25).