so ITM by 10 points.
Loss: 10x 750 (lot size) = βΉ7,500 debited from account.
This cash settlement ensures donβt need to buy shares in the market to fulfill the obligation.
@Mitesh_Engr@ITRADE191
is it true?
Grok anwer as follow.
Cash Settlement for Non-Shareholders:
If you, as the option seller, donβt hold SBIN shares, the exchange converts your delivery obligation into a cash settlement:
Intrinsic Value: SBIN closes 760, strike is 750,