1) It is you yourself buying next series & closing this series,it can be in options also.(Time Decay is to be onsidered).If i dont ,then exchange will sq off .(That is the reason on last thursday's last half hr's avg price is taken as close price)
2) Like all transactions.
3) Till you are not tired.
NB : the last thursday the underlying price in cash mkt & it's derivative price is almost exact at closing.
2) Like all transactions.
3) Till you are not tired.
NB : the last thursday the underlying price in cash mkt & it's derivative price is almost exact at closing.