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RJ saysV R in Structural BULL MKT -Pranky (16)   09-Jun-08 07:15Tracked by (6)  
Posted by:   Oldtimer on ( 09-Jun-08 07:15 )
Quote
Sorry for intervening in your discussion, pls. let us know what will happen to option contracts which are not squared off till expiry. Profit / Loss will be settled in cash or not.
Unquote

Out-of-the-money contracts will be worthless on the day of expiry so there will be no need to settle anything. For in-the-money contracts the difference between the Strike price and current price will be cash settled on the day of expiry.

OT
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