Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
28 Mar 2017, 12:58 PM
All the options that are in the money are automatically exercised on expiry day. Do they automatically get exercised at 3:20 pm by Zerodha or at 3:30 pm? Note that the value of option and underlying would be different at these two times.
In case the liquidity dries up for deep in the money options, I would prefer to have the option get exercised automatically at 3:30 pm rather than some random price at 3:20 pm. Please confirm.