What happens to Gut Position on expiry?

nifty gut sold

75oo ce sold

8500 pe sold… what happens to this position when allowed to expire?

i mean if did not square off, as it is a credit spread say we got 700 points credit and expiry is within a range. ie both are ITM.

If you short 7500 CE and 8500 PE,the premium credit should be atleast 1000 points (8500-7500). Anything that you can catch over 1000 points will be your profit if held till expiry.

So if you get credit of 1050 by shorting these two strikes and you let it expire, you will make a profit of 50 points on expiry.

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