I had sold a covered call in Reliance at the 2100 strike Feb expiry. Till noon it was trading at around 2080. Due to some prior appointments i was not able to monitor the trade and its gone ITM at end of day.
Now obviously i need to give delivery. I have 500 shares in my demat, so that’s not an issue
My question is regarding the process of delivery
Will the shares be sold by the broker at the strike price ie 2100 and after brokerage the amount that’s due will be credited to my account and are there other hidden charges?
If it were possible is it a better practice to close the position when spot price is close to the sold strike rather than letting it go ITM and ending up in delivery? and then sell the shares myself rather than letting the broker settle them physically?