Hello traders, I am running with a few open positions in GOLDM positions.
What I have learned is that gold option positions will be converted into futures on expiration. What I need to confirm is: do the opposite positions get set off and not result in any future positions?
Ex: How would one ITM call long position and one ITM call short position (of different strike prices) be settled? how the gains and losses will be settled if no futures positions are opened after the netoff.
Also, are there any extraordinary charges involved in letting gold options settle, or is it advisable at all to leave the gold options open until expiry for settlement?
If I have a shorted 1 Lot NATURALGAS24FEB200CE at Rs 1 and receive a premium of Rs 1250 let us say this is the OTM contract on the Expiry day.
Actually, on the expiry day, Zerodha will close the position at 9 PM, This is applied to the OTM contract also.
I mean the OTM position will be squared off from Zerodha and Rs50+Gst square-off charges will be applicable or not ?
If Zerodha is not exiting at 9 PM, Then after 9 PM if it is turns to ITM will Zerodha will square off or How it will works?