Comment on Policy on settlement of compulsory delivery derivative contracts — Update Oct 2019

Sanket commented on 29 Jan 2021, 01:08 PM

I have 3000(equal to lot size) SBI shares in my demat.
SBIN CMP : 280
I sold 280 (strike) CE @ 20 rs(premium) on start of the month.
at expiry, SBIN closes at : 305. and I am still holding the shorted CE till expiry.

1) Do I need to give physical shares delivery?
2) If yes, Do I need to specifically tell zerodha to debit 3000 shares from my demat? or it will happen automatically?
3) at what price, my 3000 shares from demat will be sold? CMP : 305(expiry day closing) ? OR strike price : 280 ? as I have shorted 280 CE option.

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