Can some one please confirm the below things for me?
MCX commodity options are European style ? If yes , then if 1 buy a CE , I cannot square off before expiry date ? I think squaring off an open CE position is the same as exercising it , am I right / wrong?
NSE currency options are American style ? If yes , then same question as above , I can square off open buy positions Ce/PE and squaring off open long positions is the same as exercising?
If I’m wrong and exercising is different than squaring off , how exactly does exercising work?
Thanks In advance