Letting USD INR option expire

Should I let USD INR in the money (short or long) options expire? or should I get out of them before expiration? I am not sure whether there will be STT on USD INR. Please someone clarify this, because deep in the money USD INR options have sometimes wider spreads, so I believe it is better to let it expire. Thanks!

I am not the expert here, but I see no reason why you should not leave it till expiry

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Even I am new to this, that’s why I have doubt about letting DEEP IN THE MONEY options expire and getting STT charges on them.

No need to fear STT

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There is no STT applicable on Currency Options and these Options are cash settled as well. So you can let them expire ITM.



Thanks for clearing my doubts!

Thanks I also searching same answer

If I am selling far OTM at 0.0025 (say 100 lots) (USDINR) and let it expire. So will i get profit of 100 *0.0025 ?? Or 0.0025 will be considered as 0

OTM Options expire worthless and you get to keep the premium received ie. 0.0025 * 100 * 1000 = 250 (- Brokerage and other charges)

If I let it expire my buy side brokerage won’t be charged. Right?