I bought 150000 options at 0.85 = 127500 on 10 March 2021. Today the option price reduced to 0.05 (that’s the lower circuit)… If the option expires on 25th and I don’t sell it (coz it’s not allowing me to), will I get the remaining money on expiration date 150000*0.05=7500? Or will it be 0?
Upon expiry the Option will expire worthless and as an Option buyer, you’ll lose the entire premium paid.
Would suggest you read this module on Varsity to get better understanding about Options:
But it isn’t allowing me to sell coz it says it’s at the lower cap and no available buyers. What should I do in this case?
What did you buy? If there are no buyers, you cannot sell. Perhaps noone thinks its worth buying at this stage.
I bought Bank of Baroda Mar 90 CE (1.5L units) and GMR Infra Mar 32 CE (5L units)