Puneet Jaidka started option selling during a period of low market volatility, aiming for consistent but modest profits. Initially, he engaged in index options and later transitioned to stock options. However, a significant setback occurred when he incurred a loss of ₹2.5 lakhs due to his own miscalculation.
The incident unfolded when he sold a PNB call option at ₹135, only for the price to unexpectedly soar to +₹200 following positive news within the banking sector. Recognizing his error, Puneet shifted his focus to index options.
Post this loss, he approached his broker seeking clarity on his losses, discovering that he had been involved in dabba trading.
