Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
18 Jun 2013, 03:48 AM
Kalyan,
As mentioned in the article, since you are writing options(i.e selling first), you would have already paid the applicable STT. In both the cases which is you buy on the exchange or if you let it expire, you don’t have to pay any STT at all, i.e STT would be zero for you since you had already paid STT when you had shorted the options( @0.017% of the premium, which is negligible).
Cheers,