Generally, whoever is dealing in options, they know that volatality differs for every strike price. However, more or less, strike prices which are in sequence [ex: 10000, 10050, 10100, etc.] display either an incremental or decremental price change based on the volatality they are experiencing at that point of time. [This is what I observed so far; please correct me if I am wrong!]
However, yesterday [Friday 6/7/2018] I observed a different price change sequence. While trading Nifty [Index], I observed that Nifty Jul 9700 option price change is very low compared with its peers. Similarly, NIfty Aug 10200 option price change is minimal compared with its peers. I observed these price movements when the market is falling fast and all other options’ price changes are happening so quickly.
Can you please enlighten me why it is so? And how we can take advantage of the minimal price change options?
Thanks in advance.