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.