Comment on STT Trap - Options Expiry - NSE BSE MCX-SX
commented on
27 Aug 2015, 11:07 PM
I bought Nifty 7950 PE Aug 15 @ 0.80 paise around 3.27 PM,I saw it going around 0.30 and so left out without selling assuming it’s going to be zero.
Seeing the contract not I got shocked that the STT was Rs.1987(for 200 Qty).So for something I bought for 1\Rs.160 i have ended up paying so much.
This is extremely bad on the settlement part.
Anyways lesson learnt and this is worst thing in place unfortunately.