Aptus Value Housing Finance India Ltd IPO Message Board (Page 3)

Rakesh Puthran ji,
Buyback is through open market, not through Tender Offer. Please be vigilant n cautious.

Nothing will happen if you don''t square off your out of money call . By chance if the out of money becomes in the money at expiry(3:30 PM) you broker will settle by giving the surplus money to your account the only extra charge it will deduct is your brokerage + auto square off charge.

I think you are new in this arena.So you should learn the basics before venturing in this avenue.
As you have bought the CE , you have no obligation to cover it within the expiry. As it is still OTM , value if any sholud be taken. This is also applicable for buying PE.
But, in case of selling of CE/PE ,in adverse circumstances, you are exposed to unlimited loss.

thank u so much amanwa this means a lot for me
i was freaking over this in fear ,since i didnt have so much of money for physical settlement

Hello,

If you are holding ITM option of index then no issue, but if you are holding ITM Stock long CE / PE, you need to give additional margin as per below calculation

Additional margin = ( Spot price × Qty * (var + elm)% on expiry day, if you are not having such margin, you will be charge penalty of 1% also you will receive delivery in ITM CE and you need to give delivery in ITM PE, if you don''t have delivery, same will be taken care by auction and you need to pay auction penalty + difference of Buy - sell.