Lower Circuit Option

I took an Option, which is currently trading on lower circuit. I do have some doubts with some situations which are as follows:

  1. What will happen if I convert that NRML OPTION to MIS OPTION with the fact that it is on Lower Circuit.

  2. What will happen with that Option on the day of expiry.

Any responses would be really appreciated.

I have a doubt here whether the stock is trading at lower circuit or the option premium is at lower circuit

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yes the option premium is trading at lower circuit.

idk about that @Sensibull @NithinKamath can u pls answer it

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