Tuesday brought about a day of extreme volatility for the FinNifty index's options contracts on their expiry day. The put option with a strike price of 19,800 saw a dramatic swing, peaking at Rs 162 and then plummeting to a low of Rs 0.05. This represents an over 3,200 times swing, sparking speculations across social media platforms regarding potential unusual trading activity.
An official dismissed these rumors, attributing the wild fluctuations to market weakness and a subsequent rebound. Despite the intense volatility, the FinNifty index managed to close 1.2% higher than its previous close, settling at 19,835.
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