New to trading & Options & Futures

General
1

Hi Everyone,

I am a newbie, trying to learn about the amazing world of markets. I would like to know 2 things:

  1. Say i want to buy Nifty 19April 10500 CE option,or for that matter any Nifty Option, but on the day when it gets released post-expiry of the previous lot. When are the typical dates when fresh Options are released?

  2. Say i own Nifty 19April 10500 CE and it expires naturally at an ITM value. Will the profits be auto credited to Zerodha? or i Need to sell / take some action before it expires?

Please help on these practical doubts.

Thanks and cheers in advance !

2

  1. Options usually have 3 month expiries, so currently in April you will have April, May June expiry. Last thursday of the month April expires and on friday July contract is introduced.

  2. Profits get auto credited. But when you let an option exercise, the STT is more. Check the below post

1 Like
3

Thanks for the answer, it was helpful.

One more doubt, if i write some deep OTM options on nifty and let it expire, i get to keep the Premium. But will i have to pay STT again ?