On December 5, the HINDUNILVR DEC 2440 PE option showed a price jump of +103,550% in a single day — from ₹0.10 to ₹103.65 — even though the option started trading only around 10:00 AM instead of 9:15 AM.
How is this possible in just one day, and can I expect a similar return again on December 8?
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Unlikely. It needs to fall significantly more for a similar return(think like 100 times more). Penny option return can’t be replicated.
It’s not unusual though. HINDUNILVR did fall below the strike price 2440.
There was demerger adjustment on Hul. All fno contracts were closed on 5th Dec and new contracts were introduced on 8th Dec. so nobody could have possibly made money out of this.