Options Trading

Hello ,

I forgot to exit my call position on the expiry day of Bank Nifty of strike price 25300 on 1st November and the closing rate was 25321.

The call premium was 5.20 at the end if the day which is also low and i had bought 30 lots of 20 shares each at different premium and the exchange settled my position at 0.00

How is this right ?

In worst case i should have got 5.20 right ? Per share.

Where can i get the help.

Its settled on Settlement price which is last 30 minute avg price

I guess the index zoomed in last 30 minutes, and u thought wow free money?

Can check this, actually you could have lost more in form of STT with out the mentioned rule in that link.

You should study about the STT trap for options.

STT for bank nifty is approximately 32 points per contract. I.e. 625 per lot

For 30 lots STT alone more than 18000 rupees.