Articles tagged “Physical Settlement”

13 articles.

2026 (13)

  • Do Not Exercise (DNE) option

    Do Not Exercise let brokers stop exercising close-to-money option strikes. NSE discontinued DNE for CTM strikes from 14 October 2021 after STT was rationalised …

  • How to sell a call option on Zerodha Kite

    Step-by-step on writing a call option on Zerodha Kite: the NRML order, SPAN plus exposure margin blocked, premium credited, unlimited-loss risk, and physical …

  • Moneyness: in-the-money, at-the-money, out-of-the-money

    Moneyness classifies an option as in-the-money, at-the-money or out-of-the-money by where the underlying sits relative to the strike, which sets the split of …

  • Physical delivery risks in stock F&O

    Why a small option premium can hide a large delivery obligation, how the short-delivery buy-in auction penalty works, the cost of taking or giving delivery, and …

  • Physical delivery timing on Zerodha

    When the delivery margin ramps in expiry week, when stock F&O obligations are computed, when shares and funds actually move at T+ days after expiry, and how …

  • Risks of F&O trading on Zerodha

    The real risks of futures and options on Zerodha: leverage, unlimited loss on short options, gap risk, margin calls, physical settlement, and the SEBI evidence …

  • Stock-option restrictions near expiry

    Near expiry, Zerodha applies a physical-delivery margin ramp on ITM stock options from expiry minus four days, blocks fresh deep-ITM and illiquid stock options, …

  • STT on options exercise

    Why securities transaction tax on an exercised in-the-money option is levied on its intrinsic settlement value, not the premium, how the post-2019 narrowing …

  • What happens to unsquared options at expiry

    Unsquared options at expiry: ITM index options cash-settle, OTM options lapse, ITM stock options go to physical delivery, and exercise triggers STT on intrinsic …

  • Options exercise charges at Zerodha

    What it costs when in-the-money option positions get exercised at expiry on Zerodha, and why exercised options carry a heavier statutory bill than squared-off …

  • How to avoid physical settlement (manual close-out)

    Step-by-step guide to closing out in-the-money stock options and stock futures before expiry to avoid physical settlement obligations, delivery margin blocks, …

  • Delivery margin field on Kite

    The delivery margin field on the Kite funds page reflects the additional margin held against open F&O positions in their last few days before physical …

  • How to physically settle an in-the-money option

    Explains the physical settlement process for in-the-money stock options on NSE, what obligations arise, how Zerodha handles delivery margin, and what to do if …