What will happen if I couln't square off Index sell position on expiry day?

[Ved112]

I have sold a naked nifty index option CE NRML order ITM on the expiry day. I couldn’t square it off at 03:30 PM.

What will happen to my sell position? Would I have to pay extra charges ? What are the criteria with which the buy price for my position is fixed? By when will it be squared of ? ( Next settlement day ? )

Pleas help

[ShubhS9]

Hi @Ved112, have explained this in detail here:

What happens if I don't square off my positions in options?

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: Sto…