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

Tej commented on 28 Nov 2013, 07:06 PM

I have 1 doubt, please clarify

On November 28, 2013 expiry day, Bank Nifty 10900 is showing out of the money, but it is closed at Rs. 15.90. My doubt is, If I have purchased 1000 bank nifty options at Rupee 1.00 and not sold it. Will it be square off to RS.15.90 with additional STT or Since it is out of the money it is going to be ended at 5 paise . Please Advice on this.

Thank You in advance.

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