Hi friends,
I would like to do MIS on option on Expiry day,
I know on Expiry day, the OTM pe/ce price falls to zero or 0.5/0.25, etc.
- At exactly what time The price will fall to zero?
- Any specific time is there for all stocks or it is different for each stock to stock?
- If I am selling on MIS and waiting for the time value to fall zero, will Zerodha, auto square off the position before the price fall to zero? (may be at 3-30pm as i bought it on MIS)?
- For OTM Overnight order no need to exit the position, is it applicable for MIS also, or BRoker will square off MIS position (OTM selling)
Thanks in advance,