Buying underlying stocks using Options

What happened to your option on expiry day.

  • My few options expired worthless/waste on expiry day.

    Votes: 3 50.0%
  • I exercised my options manually on expiry day.

    Votes: 1 16.7%
  • My options exercised automatically as i have enough money in my account.

    Votes: 0 0.0%
  • i don't know what to do on the expiry day.

    Votes: 2 33.3%

  • Total voters
    6
#1
Is it possible?

Yes,When the option Calls are in the money before expiration day/Hr,
No,If the option PUTs are Out the money on the expiration day/hour.

Need to see if this is possible with the real money,I never did this before.

Step 1) i want to buy in the money option on Friday at 11:30 AM,
Step 2) Before expiry i will request to exercise for buying underlying stocks.

What are your thoughts,Did you do this before ?
 
Last edited:
#3
For out of the money no problem exchange will not charge u but if u exercise in the money option exchange will charge you nearly Rs/-400 per lot
 

umeshmandal

Well-Known Member
#4
Is it possible?

Yes,When the option Calls are in the money before expiration day/Hr,
No,If the option PUTs are Out the money on the expiration day/hour.

Need to see if this is possible with the real money,I never did this before.

Step 1) i want to buy in the money option on Friday at 11:30 AM,
Step 2) Before expiry i will request to exercise for buying underlying stocks.

What are your thoughts,Did you do this before ?
All Options in INDIA are cash settled ! One cannot ask for delivery of the underlying stock! He gets only the credit in cash for in the money options as per the closing price of the underlying on the settlement day !
As all options now are European Style, one also cannot opt for a settlement before the settlement day ! One can settle it only on expiry day.
 

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