index option expiry otm

I had bought Finnifty 19150 PE OTM option today. MIS order were not allowed so it was NRML order. And I could not exit it due to iliquidity at the last moment. So what will happen now? I am not aware of the settlement process.

Since the option is out of the money, it’ll expire worthless and as an option buyer, you will lose the entire premium paid. Please check out this post for more information.

To learn more about options trading, would suggest you read this module on Varsity :slightly_smiling_face:

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Thank u sir for your answer. So there will not be any settlement. I will lose only the premium paid or the the price difference multiplied by quantity which is in my case ~80*18000???

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You will only lose the premium paid for buying options ie. Price * Quantity bought.

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Did you buy 18000 quantity? What was the price?

Around 1

I did not understand, what do you mean?

1 * 18000 = 18000. Total value was around 18k.

Okay.

Go through the Varsity link given above.

Since the option has run out of money, you will not be getting any profit.