Wait few more minutes you will get to know the price.
If it is ITM, it won't go for auction but get exercised. Where you need to pay a higher STT than normal. I guess, if it's ITM you would probably losing more than if its in OTM. Let's calculate...
If it is ITM, it won't go for auction but get exercised. Where you need to pay a higher STT than normal. I guess, if it's ITM you would probably losing more than if its in OTM. Let's calculate...
I have squared it off before market close. As I was not clear on this case.
But I want to know what would have happened?
I know if it is ITM it will go for auction.
But who has more problem, Option seller or Buyer?
Lets us take the same case.
My buying price is just 25paisa for 6000ce. Say market is closed at 6010.
This means Rs10 higher than option strike price of 6000.
This means I have right to buy at 25paisa. let us assume market opens next day at same level 6010.
Does this mean I am gaining Rs10/lot - 25paisa- STT & other charges?
If you can tell actually STT charges based on this example then it will be great....
Pls advice