From a buyer’s perspective
-
What happen if my Call or Put option ( That i purchased after giving a fixed premium)
a) is ITM on the day of expiry
b) is ATM on the day of expiry
c) is OTM on the day of expiry -
Similarly if i am writing option what will happen if the call or Put that i sold is
a) is ITM on the day of expiry
b) is ATM on the day of expiry
c) is OTM on the day of expiry