# USDINR Option Selling Square off

**URL:** https://tradingqna.com/t/usdinr-option-selling-square-off/122092
**Category:** Trading
**Created:** [November 16, 2021, 12:49pm UTC](https://tradingqna.com/t/usdinr-option-selling-square-off/122092 "2021-11-16T12:49:47Z")
**Posts on this page:** 1
**Showing post:** 4

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### Author: ![Arjun\_Oberoi](https://tradingqna.com/user_avatar/tradingqna.com/arjun_oberoi/32/82882_2.png) [@Arjun\_Oberoi](https://tradingqna.com/u/Arjun_Oberoi)
#### Post date: [November 16, 2021, 5:25pm UTC](https://tradingqna.com/t/usdinr-option-selling-square-off/122092/4 "2021-11-16T17:25:15Z")

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even if it’s Nifty OTM, you don’t have to square off since it will expire worthlessly. Explained by @ShubhS9 here:

> [@What happens if I don't square off my positions in options?](https://tradingqna.com/t/what-happens-if-i-dont-square-off-my-positions-in-options/85552/2):
>
> Index Options (Nifty and Bank Nifty, Nifty Financial Services) are cash-settled.
> 
> - If your Option expires OTM, it expires worthless.
> - ITM Options are settled at their Intrinsic Value.
> 
> And depending on your Profit/Loss money will be credited to / debited from your account.
> 
> Also, if your Long Option position expires ITM, exchange will levy STT at 0.125% on the intrinsic value. There will be no STT on the Short position as STT is already paid when you sell the option. More details [here](https://support.zerodha.com/category/trading-and-markets/trading-faqs/f-otrading/articles/options-on-expiry-day)

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