Comment on Zerodha - Margin Policies

Kailas commented on 25 Mar 2015, 07:48 PM

Consider this scenario:
I short RELIANCE MAR2015 – 1200 call options @ Rs5 sometime in first week of March.
I do not square it off until the expiry.
On expiry day the underlying closes at 1000 and the last traded price of this option is Rs 1.
What would be my gains? Do I have to pay Rs 1 for options to settle? or they are expired worthless and I get entire Rs 5?

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