Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
23 Nov 2013, 03:08 PM
You got it wrong. If you had sold the 6200 PE at Rs 200 in the market you would have got Rs 10,000 and would have had only Rs 1.7 as STT. But if you didn’t sell it on the exchange and held it till expiry, you would get back Rs 9700 as you would have to pay STT of Rs 300. So additional cost of Rs 300 for not selling it in the exchange. ..
1. After 3.30 once the daily setltement process is done, it would show 9700 if you held it to expiry and 10,000 if you sold it in the market.
2. There is nothing other than extra STT to worry about.