what if there is a huge price difference of a very deep ITM option at 3 pm on expiry.
suppose, if nifty is at 11000. and I have shorted 11950 put.
but on expiry at 3.10 pm, there is a difference in price due to less volume.
like, for 11950pe > market price is 700
but it should need to around 11950-11000 = 950
so, will Zerodha square it off at market price 700(market price) at 3.20 pm?
or let it expire, so i can get the intrinsic price difference which is 950 ?
also is there any extra charges of tax if i let it expire ?