MIS option call on expiry day who will close?

If I buy an option call on MIS (Intraday) basis and didnt sell and left for expiry…Will exchange will close my order or Zerodha will close b4 market hours? Any genious plese clarify me! I am new to Zerodha.

@Baskar_Thangaraj Simple Answer for your Question.
If you have any issue with your saving bank account (ex- ICICI,SBI,HDFC) Where will you go?
Nearest Branch office of Bank Or RBI???

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@Lets_Invest Bhai tu sumit hai na :grinning:

Hi, in expiry day MIS order will be closed by Zerodha before market hours or exchnge will close if I didnt intiate for sell order… Can you explain directly

Hi good to see you, can you please clarify

Sorry bro i don’t trade options so won’t be able to clarify anything in this thread :pray: to be honest i don’t have knowledge of options

It depends on brokers.
Some brokers treat MIS and NRML same on expiry day.
Some broker still treat different on expiry day.

I am not into zerodha. But Zerodha has restrictions for NRML range and MIS range. So looks like zerodha definitely square off your positions if u take MIS.

Just bcz of range restrictions.
I am avoiding Zerodha. I explored zerodha for BSE F&O but restricting to 250 points up& down will not help me make money.

At 3.25- Z will square off your position and charge you 50 bucks as call n trade.