This is today EOD LIC HSG FIN option chain
If we see here Highest OI at 700 call at 814000 , above that retailers bought 710 , 720 calls huge addition today , means option writers willing to write at that 710 , 720 levels as they expecting wont go abv that level ok, we assume that at this expiry script closing below 700 only , but are they selling for this premium rs 1.25 and .90 paise for one lot (1350 to 990 rs / lot )which total margin would cost 70k ?
or any other reasons behind this ?
Option Expert please clarify me , Thanks in advance .
If we see here Highest OI at 700 call at 814000 , above that retailers bought 710 , 720 calls huge addition today , means option writers willing to write at that 710 , 720 levels as they expecting wont go abv that level ok, we assume that at this expiry script closing below 700 only , but are they selling for this premium rs 1.25 and .90 paise for one lot (1350 to 990 rs / lot )which total margin would cost 70k ?
or any other reasons behind this ?
Option Expert please clarify me , Thanks in advance .