What is the settle price in stock options and its importance in profit and loss

General
1

In the below image you can see there is a option called as settle price. what this settle price stands for and what is its relevance and importance when it comes to profit and loss in respect to stock options?

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consider image 1 below:

image 1.PNG1262×272 18.2 KB

consider image 2 below:

image.png1292×199 14.8 KB

which position for profit and loss is correct and why?

2

First image is from kite… Which shows your profit and loss as per the live option price during market… Whereas the second image is from q back office… Which will be updated only after the trading hours sometime in the evening… So kite is more reliable to check for your profit and lose.