South India bank for instance was trading at a price of around 18.50,its the expiry day the 15 strike price put of South India Bank has no volume or pending orders, These guys place a huge sell order for South India Bank 15 Put at 5 paise. Minimum lot size is 22000.
Remember, the scamsters HUGE SELL order? They are writing the option calls because South India Bank is not going to fall below 15 in the trading day at all since there are no possibilities for it to lose so much when market is stable.
Tomorrow is expiry day (25th Feb) and again Jackpot Option Expiry Specials are going to be floated in the market so please beware and don't participate.