I have never practically done this and have a query.
Nifty is at 9108 right now. If I sell call of 9200 of March 1 Lot, then what will happen to my position on last Thursday if the market closes below 9200.
PS - I know it will go to 0.05 but is there any other side effect or thing I don't know if I hold it to closing i.e. 3:30 pm.
Another case. Reliance is at 1286. What if I sell call of 1350 and on Thursday price closes below 1350 and I keep holding my position till expiry.
Simple answer, please.
Nifty is at 9108 right now. If I sell call of 9200 of March 1 Lot, then what will happen to my position on last Thursday if the market closes below 9200.
PS - I know it will go to 0.05 but is there any other side effect or thing I don't know if I hold it to closing i.e. 3:30 pm.
Another case. Reliance is at 1286. What if I sell call of 1350 and on Thursday price closes below 1350 and I keep holding my position till expiry.
Simple answer, please.