I bought RVNL Feb Future sometime early February for 289 and got the delivery of 1 lot today for an average of 321, which was RVNL’s spot price sometime today/yesterday. My question is why is the average coming out to be 321 instead of my future buy price of 289? Can someone please help me understand this?
delivery is at expiry price of the instrument. You already got the benefit of future price increase via daily m2m settlements.
i think there must be a corporate event coming because its upcoming futures and all options are trading according to price of 290. i mean its no brainer to buy deep in the money call of 260 mar expiry for 32.4 making your buying price 292.4 and selling your holdings for 318 and wait for expiry to take delivery.