New rule for Squaring off Option Contracts

Hi Guys,
Please let me know, even with the newly changed rules for option contracts, if we have OTM contracts open we are not landing into any trouble correct?

OTM Option contracts if not sold and left in pending orders on the expiry day would expire worthlessly and we dont face any penalty correct?

As orders dont get executed as no one is ready to buy OTM at the end of the expiry.

This seems logical but confirming as I usually buy hedges which expire at 0.05 value open.

Thanks and cheers.


only for in the money option you have to take/give delivery. but keep watching the market, on expiry day it moves violently and your otm may become itm.

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