Comment on Introducing Varsity Video Series
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28 Jan 2022, 06:32 PM
Hey Jitendra, your position will be squared-off if you’re holding it in MIS. If you’ve taken a position using NRML, it won’t be squared-off. If your position is OTM (Out of the money) it will expire worthless. While if it is ITM, it’ll be settled by the exchange, if it is an index option position, it’ll be settled at intrinsic value, while a stock option position will be physically settled. You can check out more details here.