Saving Brockerage Charge Keeping Positions Open on Expiry?

if I keep my nifty index Far OTM sell position & Far ITM buy position open after closing on expiry will I be saving brokerage charges? Is the advantage significant?

Hi @Ved112

For far OTM sell position, maybe it makes sense to leave the position open.

But, you pay more STT (0.125%) instead of 0.0125% and brokerage is gets charged for the exercised contract.

For contracts expiring at ITM or deep ITM:

STT is charged on exercised contracts at the rate of 0.125% of intrinsic value (how much in-the-money the option is), i.e. intrinsic value * quantity and not on the total contract value. Brokerage will be charged on both sides, i.e. when the options are bought and when they are settled on the expiry day.

You can read more on this here:

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