Linkon, Expiry day has the highest risk reward ratio in trading current month options, say now 5500ce and pe. The highest risk being the 100% wipe off of your investment and the highest reward being multiple returns of your capital. 5500Ce at 10/- and pe at 27 now.
Do the big players trade the expiry day in options? Is there any strategy that reduces the risk of trading this day? Or is any trade today, a lottery where depending on your bias you buy one or the other option and chance your luck on a small investment?