Thanks Jegan for the explanation.
Could you also kindly let me know how can I do this? I’m with Karvy. During the expiry, should I use the option ‘take delivery’ just in case if my trade goes this way? And if so, I should be having the entire funds to do it so? TIA.
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Book loss in the options and buy the shares i.e take delivery[taking delivery is optional].
Yes you should have the entire fund to take delivery for CASH.
PNB lot size 4000 and TATAMotors 1500.
I am not sure about the proposed physical delivery rules check with your broker.
In future If you dont want automatic physical delivery happening book loss and close your options positions before expiry.