Is there any cheap options available?

I don’t know if this is logical or possible.

Lets get back to nifty

Will there be any option with premium of 1 rupee or 10 rupee ?
If so, then should I just need to pay 10*75 = 750 ?
is this possible or is there any option with this premium amount ?

Yes there is. Look in to deep out of the money options.

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Ok. Thanks @t7support