Hello everyone, hope everyone received less pain today.
Today, I shorted IDFC 53 PE @1.25 (1 Lot of 10000 shares) and the stock closed at 52.05. Since, it is In the money, so now how this contract will be settled. I have some doubts as to at what rate I will be given shares.
Another doubt is that if the shares are bought at 53 level then whether I would retain my premium of 1.25 or not. And if not, then how will it be adjusted.
And lastly, when I will receive 10000 shares in my account and when I will be able to sell them.