I have never traded Options before and I am quite new to stock markets. I was checking some Option prices today on a site and I want to ask a silly question to the experts.
It seems to me that NIFTY won't be touching 4800 anytime soon. Today if I sold 20 lot NIFTY 4800 Call Option @ Rs. 7/- (for Rs. 7000/-) and then NIFTY doesn't go above 4800 before 30 July, does it mean that I simply pocket the sum of Rs. 7000/- ? Is it this simple?
It seems to me that NIFTY won't be touching 4800 anytime soon. Today if I sold 20 lot NIFTY 4800 Call Option @ Rs. 7/- (for Rs. 7000/-) and then NIFTY doesn't go above 4800 before 30 July, does it mean that I simply pocket the sum of Rs. 7000/- ? Is it this simple?