Comment on "STT Trap - Options Expiry

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

HAWWA.A.H.HANJARA commented on 29 May 2014, 03:48 PM

Hi Nithin,

Pls clear this doubt.

i shorted (written) 570 pe , at that time of shorting BPCL it was trading at 571.

On the day of expiry the BPCL ended at 536.1.

In order to close the contract i had to buy. But there are no sellers. So i was not able to buy.

I checked with customer support, they asked me to put an buy order and the exchange will buy it at premium.

So what will happen. Maximum at what rate it will get covered?