Hello,
I have a query.
Say in the case of Nifty options I sell a call option target price 5400 at a rate of Rs. 8 (2 lots - 100). Nifty closes at 5390 at expiry after making a intraday high of 5420.
The last traded value of the option is 9 at expiry.
What happens??.. I loose or gain money if I don't close the order. (Since I have heard that the open orders are closed by the market at expiry at 0 ).
Thanks in advance.
regards,
I have a query.
Say in the case of Nifty options I sell a call option target price 5400 at a rate of Rs. 8 (2 lots - 100). Nifty closes at 5390 at expiry after making a intraday high of 5420.
The last traded value of the option is 9 at expiry.
What happens??.. I loose or gain money if I don't close the order. (Since I have heard that the open orders are closed by the market at expiry at 0 ).
Thanks in advance.
regards,