InvestorQ : Can you explain options expiry in greater detail and what happens on that day?
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Mahima Roy made post

Can you explain options expiry in greater detail and what happens on that day?

Answer
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Aditi Sharma answered.
2 years ago


In India all options expire on the last Thursday of the month. There are 1-month, 2-months and 3-months currently available in India. Bank Nifty also offers weekly options for trading. The option expiry is when all the options and futures contract are closed out either at a profit or at a loss and the profits and losses are transferred to the respective trader accounts.