Let’s say I have done a covered call, and I intend to carry the position till expiry. During the Expiry it turns ITM.
What happens in expiry if I there are no buyers - do such case happen ?
Example : Let’s say I had written kotak 2000CE for a premium of 50, And it closed at 2010 on expiry, Obviously it is ITM and i have to give delivery , I am ready also. But what if the buyer does not want to buy this shares ( maybe he doesn’t have funds, his margins are blocked elsewhere … ) ?
In such case, how the exchange/broker handle the situation? Do ITM options always gets exercised, or I get to keep premium without selling my shares ? Has something like this ever happened ?