I’ve been trying to see what could be the reason, haven’t found a satisfactory answer yet.
I was tracking 43500 PE December 15 expiry, around 6 min before expiry, I found out that the spot price was about 43,397, this would make the intrinsic value about rs. 102 for 43500 PE. However it was around Rs. 5.9.
That’s a difference of about rs. 97 from intrinsic value. In after market, the market shot up to 43500, making the premium about 1rs.
Can someone explain this?