## Comment on Varsity March 2015 update

Yes Rs 2000 profit in first example. STT in this case is 0.017% of premium, so 0.017% of Rs 3000.

In the second case, U have 1900 CE, so if market expires at 1950, your options get you back Rs 50. You had paid Rs 10, so your profit is Rs 4000 (40 x 100). Here since the option expired in the money, STT is much higher 0.125% of 1950 x 100