Hedge benefits on Expiry day

General
1

Hi @Meher_Smaran @Pai,

Please confirm whether if I create a hedge on the day of expiry or before that then please explain what will happen on the day of expiry on both th below situation?

Scenario 1: Created a Nifty option call long position with 23 rd september expiry and another Nifty option call short position with 30th September expiry then what will happen on 23rd September i.e. will the hedge benefits be received or not?

Scenario 2: Created a Nifty option call short position with 23 rd september expiry and another Nifty option call long position with 30th September expiry then what will happen on 23rd September i.e. will the hedge benefits be received or not?

2

SEBI has removed the calendar spreads benefit on expiry day from earlier this year.

Read the below posts for more insights on this:

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