Trader Claims Rs 1 Lakh Turned to Rs 44 Lakh in Minutes
A trader's bold claim about a massive profit from a Sensex option sparks intrigue and debate in the trading community.
Sensex saw a drastic swing during trading.
A hypothetical trade could yield Rs 44 lakh.
Regulatory scrutiny follows recent market volatility.
In a surprising turn of events during Thursday's trading session, the Sensex experienced a dramatic fluctuation, prompting a trader to claim that a Rs 1 lakh investment in a put option could have skyrocketed to Rs 44 lakh within just five minutes. This assertion, made on social media, is based on a hypothetical scenario where the trader suggested buying Sensex 76,500 put options at 3:15 PM and selling them at 3:20 PM, despite a typographical error indicating 3:15 AM.
The claim emerged as the Sensex witnessed an extraordinary drop of over 2,000 points within minutes during the Closing Auction Session (CAS) on the monthly derivatives expiry day. The index later recovered nearly the same amount, closing at 76,934, down 539 points from the previous day. This volatility has raised concerns about the effectiveness of the newly introduced CAS, aimed at curbing price manipulation, especially following recent regulatory actions against alleged market manipulation by certain entities.
