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.