I see similar orders in all the options of most of the stocks. What is this strategy when there is no liquidity and when the price asked / bid is so distant from LTP? In this case it is deep itm strike. when the price is around 355/- what makes that user to block so much capital in anticipation of a freak trade? Or is that a strategy which I am not aware of?
That 84000 bid nd ask are from market makers. They cover that with cash or futures if executed.
one order for such a huge qty?