Hello,
I bought one lot of Zee Tele December call option @ Rs 12. It nose-dived to Rs 0.10 just before the cut-off date for demerger (15 Dec). I am now not able to sell even at Rs 0.10. I also read a news item which said that all F&O contracts have become invalid from 15 Dec. As per the contract I have the right to sell on or before 28th Dec.
How can any contract cease to exist well before its expiry? Do I have no protection as a trader?
Regds,
Ashwirag.
I bought one lot of Zee Tele December call option @ Rs 12. It nose-dived to Rs 0.10 just before the cut-off date for demerger (15 Dec). I am now not able to sell even at Rs 0.10. I also read a news item which said that all F&O contracts have become invalid from 15 Dec. As per the contract I have the right to sell on or before 28th Dec.
How can any contract cease to exist well before its expiry? Do I have no protection as a trader?
Regds,
Ashwirag.