The Stock Price of reliance was 2300 Rs. I sold 2100 Feb PE. Stock price crashed and reached 1800. I wanted to gain back some of my losses, so I sold a 2000 Feb CE. Both positions are for 1 lot.
On expiry day suppose the stock market closed at 2050.
I have one lot of reliance with me. . Do the stocks get assigned or not? Will the position get squared off? If they do will it be categorized as intraday trade? If not how will the trade be categorized as?
What will happen if I don’t have any shares of reliance with me.