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

Vijay 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.

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