Comment on STT Trap - Options Expiry - NSE BSE MCX-SX

Thanks, this article helps a lot. I do have a couple of related query:

1. Can anyone exercise options (in the money) prior to the expiry at EOD?
2. If someone has written options and on the expiry day, it is Out of the money – would the STT still be charged? In other words, are out of the money options exercised ?

Thanks,
Dilbert

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