Options on Expiry Date

#1
Dear Gurus,

This is the question hovering in my mind for a long while and thought of getting answer from you guys atleast today.


1. What will happen to the options on expiry date ?
-- For ex. I bought UCO Bank 110 PE and didn't squared off even on expiry date. What will happen to both buyer and seller ?

2. How different type of option contracts will be treated on Expiry Date (Un-Squared)?
--Like ITM, ATM & OTM -- Call and Put options.

I would request you to clarify my doubts for the benefit of other members too.
Hope, most of the members would be having this doubt.

Thanks - Siva
 

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