Iron Fly Trade – Expiry Concerns Due to No Liquidity.

F&O
1

Hello Everyone ! I need help/Guidance on this trade !

I had taken an Iron Fly trade when BSE was at 4700 levels. My position was:
Shorted:
4700 CE at 263
4700 PE at 300

Bought Hedges:
4400 PE at 170
5000 CE at 150

Now, BSE has dropped to 3900 levels, and my current position is:
Short Options: 4700 CE at 10
4700 PE at 910 (No liquidity)

Bought Hedges:
4400 PE at 488
5000 CE at 6.50

My Concern
Since there is no liquidity in 4700 PE, I am unable to exit my position.

  1. What will happen at expiry if I leave the position as is?
  2. What is best way to get out this trade ?