ScheduledIndian MarketsClosing Auction Session . Monthly Expiry . Physical SettlementHigh impactBy Kumar Singh5 views
Monthly Expiry Tuesday Is First Under the Closing Auction Session
Tuesday, 25 August, is NSE's monthly expiry and the first monthly expiry under the Closing Auction Session. Continuous cash trading in F&O stocks ends at 3:15 PM. A single equilibrium price discovered around 3:35 PM sets the official close and decides which stock options finish in the money.
Nictick #2026-0039292 characters
Nictick — educational context
An OTM stock option can turn ITM on the auction close with no intraday warning, since the underlying stops trading continuously at 3:15 PM. An ITM stock option enters compulsory physical settlement at full contract value. Index options stay cash-settled and carry no delivery leg.