Hi, I’m new to F&O, my question is- What if I sell OTM option like “Nifty May 15000 PE” (monthly expiary) and buying is blocked for this option (Nifty Trading range is (16150 to 16750) but selling is allowed I think, now after buying, can I exit tomorrow, or will I be stuck untill NSE allows trading for that Strike price?
No restrictions in squaring off sold option.
so bascially I can sell and then square off whatever option I want right?
Yes. That is correct! You can square-off the option that you have sold previously, without any restrictions.