Settlement of index options on Expiry

[RLM]

@ShubhS9

If your Option expires ITM, it will be settled at Intrinsic Value, and for this there will be additional STT charged at 0.125% on Intrinsic Value of the Option.

Eg. You bought 11500 CE and Nifty expired at 12000, your Option will have Intrinsic Value of 500 (12000 - 11500), on this 500 there will be additional STT of 0.125% ie. 46.875 (500 * 0.125 / 100 * 75 (Lot Size)).

If you are Short and your Option expires ITM, there is no additional STT as you have already paid it when you sold the Option.

STT of 0.125%

Does it really make a huge difference ?

Or should i square off the position before 3.30 pm and pay normal regular STT and the brokerage ?
I hope there is no other differences ?
(By the way: what would be the STT if i square off exit before 3.30 pm)

What does your experience and expertise advise us on this ?

What would happen if i request for excercise / donot excercise option etc ?

Or is there any other way around to maximise the profit?

@ShubhS9
@vishnux
@siva-reddy
@nithin
@Prayag
@rupeshmandal