Reduction in Option Trading Volumes

As per NSE Pulse report, post Oct-2024 removal of daily expiry, there is a siginificant drop in Option Trading volumes. The worrisome fact is after recent STT hike, April-2026 month saw 35% decline in volumes. Looks like its gonna get worse. Does any one feel the heat who have been actively trading in option segement?

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Very huge. From Oct-24 i can see almost half of that volume. What do you think will work to survive in this kind of market regime for option sellers?