Options were dead on Election Day

[Himangshu]

As the new bee, and first timer on Option trading, Could anyone please explain what had happen on yesterday’s market. I was bullish on Nifty-Call-Options and as the NDA was getting majority everything was ok but all of a sudden all the Options were collapse to almost dead.

Thanks in advance

[sudheer_kumar]

Answered here

Why Options are falling on vote result day even though stocks are up by over 3-4%

Today on 23rd May 19, nifty 50 stocks were going record high, some by 3% some by 5%. But most of the call options of those very stocks were either falling badly or they were having a miniscule growth. Can anyone elaborate why so? Why are people not interested in Options even though there is a full week left for monthly expiry and as expected election results? After the exit polls, stocks and options were going parallel up or down. But today was just strange.