Call options at eapiry query

F&O
1

I am new to options and do have following understanding.
I purchased INDEX call options then on expiry date following holds true
(1) Spot price < Strike price < Breakeven point price
Then I will loose my premium (Complete loss of premium)
(2) Strike price < Spot price < Breakeven point price
Then I will get back my full premium ( No profit - No loss)
(3) Strike price < Breakeven point price < Spot price
Then I will get money = ( Spot prioce - Strike price) * No of option units

Please let me know if my above understanding is true

2

You can also refer to this module to get better understanding and you will get other insights about Options as well:

3

Thanks !!!