Not square of Index option on expire

[MEDI_MANOJ]

What will happen if I not squared off my index option sell and buy on expire day?
Will exchange charges & STT will apply?

[Kalpesh]

This should help to address your query.

What happens if the option contract is not squared off on the expiry date?

Starting Sep 1st, finally no more STT trap on exercised options

So finally, after years of voicing this issue on every possible forum, there is no more STT trap on exercised options (announced this budget). Here is the circular from NSE http://www.nseindia.com/content/circulars/FATAX41919.pdf [image] STT on exercised contracts from Sep 1st, 2019 will be charged at the rate of 0.125% of intrinsic value (how much in-the-money the option is) and not on the total contract value like earlier. Intrinsic value for OTM (out of the money) options is always zero,…