Selling Nifty options

what will happen if I donot sqaure off NIFTY 10700PE SELL option before expiry and nifty expiry at 10800

On the expiry date, exchange will forcefully square of & loss/profit will be recovered/paid.

Will there be any penality by the exchange/broker?

You sold NIFTY 10700 PE
If expiry at 10800.
You sold option will expire worthless. Which means you will make the whole premium as profit
No penalties, whatsoever.

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@Sensibull and @skini76 Thank you and Good luck for the Jun Expiry

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