India's giant options market is posing a danger to financial stability. The rapid growth and sheer size of the market have raised concerns among financial experts about potential systemic risks. This market, which has seen a significant increase in trading volumes, could lead to increased volatility and instability in the financial system. The Indian options market's expansion is driven by both institutional and retail investors, but the lack of adequate regulatory oversight and risk management mechanisms is alarming. Financial authorities are urged to take immediate measures to address these risks to prevent potential disruptions in the broader financial ecosystem.