I have buyed USDINR 29th MAY 75.75 PE at Buy Price 0.1342 with 30 Qty. The option LTP is 0.0500 . The Contract Expired with the value of USDINR @ 75.61 . However, as per the LTP it is showing a loss of Rs. -575 . I want to know exaclty whether I am in loss or profit due to it. Also, want to know when and how the settlement will be done.
When trading options you have to also account other factors that affect option price, it’s not just underlying price that moves options price. When you buy options you are exposed to theta decay, as time progresses your option loses value.