Exercising Options & P&L Calculation

How can I exercise my options at expiry, and how is P&L calculated?

All In-The-Money (ITM) options are typically auto-exercised by the exchange at contract expiry. The Profit or Loss (P&L) from exercising an option is calculated as the difference between the exercise settlement price and the option's strike price, multiplied by the exercised quantity. Do remember, any statutory levies and taxes will apply.

For example, If you have a call option with a strike price of ₹90 (₹3 premium paid) and the underlying stock closes at ₹100 on expiry, your profit (before any fees or taxes) would be ₹7 (₹100 - ₹90 -₹3) per share.

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