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

Hi,

I have a doubt. Consider nifty is at 8360 on 25 June(expiry day), i short PE of 8300 and short CE of 8400 at a premium of INR 30 and 40 respectively.
Now, my question is since it is the day of expiry is it compulsory that premium for both 8300’s PE and 8400’s CE will closed at 0?
Second, what is they both closed at 0 and since i short them, is it necessary to buy them again?

Please help.
thanks in advance

regards,
Arpan

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