Hi,
Till now I never have traded in Option, so here is my basic question:
Can I square off my option short position anytime before expiry ?
For ex, say I have sold a ACC call option at strike price X and before expiry, can I close my short position by buying the same call option OR I have to carry the obligation till expiry ?
Does it hold for both European and American Options ?
Thanks
Nirmalya
Till now I never have traded in Option, so here is my basic question:
Can I square off my option short position anytime before expiry ?
For ex, say I have sold a ACC call option at strike price X and before expiry, can I close my short position by buying the same call option OR I have to carry the obligation till expiry ?
Does it hold for both European and American Options ?
Thanks
Nirmalya