Yesterday, IDEA Jan 2 PE got traded at Rs 10. But how can it be possible, when maximum intrinsic value can be Rs. 2 only. Where are the circuit rules? A put with strike price of 2 can reach upto 1.95 at max, so circuit should be placed to ensure that it does not go above that. Few days ago, IDEA Jan 2 CE got traded at 0.95 only.