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

Nithin Kamath commented on 27 May 2014, 02:34 PM

If you have shorted options, you don’t have to worry about paying higher STT if you have to buy back or options expire at 0, as you would have already paid STT when you first short it. in

1. Expires worthless, so you get to keep the entire premium that you received when you shorted. No additional costs or brokerage.
2. Same as above.
3. Options will expire at Rs 100, this has to be paid back to the option buyer (Rs 5000 per lot). You will have to pay the normal brokerage and exchange charges, but no additional STT charges as such.

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