They expire worthless and you will be charged stt as exchange will auto square off and they will charge u there charge.
it;s best to squareoff option .
Rakesh junjun has siad those who buy option there trading account gets empty
those who sell option there bank account gets empty
in short it;s best not to trade in option. even if u play make it intraday i.e square off at 3:00 pm you be happy that way.
it;sbetter to squareoff loss same day rather then loose entire money at expirty.
You are intelligent yourself ...
playing in future is 1 time death
playing in option is 30 times death for all 30 days and in end option will be 0 :xD
moral of story :- stay away from option
if u are in loss for 1 month don;t play option for second month be intelligent .
i play option only when there is event such as election that too limited to 1 lakhs ka option not more then that .
Thanks for your reply.
Actually I sold call against of my stock.
So If I forget to buy my sold call, then I will be charged only STT which is free If I myself square off.
Same is applicable If I forget to sell my bought call, then exchange will sell my bought call on current rate. Correct?
the above condition is applicable in the both the cases ITM or OTM?
Exchange square off the open position of call and put on closing price which is 3.30 PM?
Again thanks for your clarification.