Comment on STT Trap - Options Expiry - NSE BSE MCX-SX

Kaushik commented on 20 May 2015, 10:57 PM

Hi Nithin,

Awesome post! Thanks. Read all the comments too 🙂

One query from my side,

For example,

I bought 1 lot (1250 nos) of 300PE of SBIN at 5 Rs.
At Expiry, SBIN closes at 200 Rs.
Since there were no buyer, I was not able to sell my holding before expiry.

So does that mean, I will receive, 1250 * (300 – 200) = 1250 * 100 = 1,25,000 Rs into my account?

Since I didn’t sell my put option, do I need to pay STT? If yes then how much?

And if this was CE instead of PE and if SBIN had closed at 400 on Expiry, then how much will the STT payment be?


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