Bankex put sees a dramatic surge of 14,700% on expiry day
Bankex options saw a significant surge during Thursday's expiry session.
This unusual spike occurred within minutes, causing considerable trader reaction.
Indicative closing levels briefly showed a steeper Sensex decline than expected.
Several Bankex put options experienced sharp premium jumps, impacting sellers.
The Sensex and Bankex closed lower, while Nifty and Bank Nifty saw smaller declines.
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