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

Muthu Kumar P. commented on 18 Nov 2013, 10:31 AM

I have a doubt in options.
Say for example i am buying nifty call options 6200 and its premium is 50 and nifty is currntly trading at 6100 at my time of buying and at expiry day if nifty closes out of the money 6160 but my premium goes to 60 can i exercise this option ?since it is out of money and not in the money and will it be a profit if i sold out of money

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