So far I am confused about one silly thing in option.
- According to varsity all options in India are European Option which can only be exercised on the day of expiry. Which means no intra or exercising option early.
- But in some chapters it says most traders just capture 1-2pts and get out. This means intra or exercised early.
- Which one is correct?
- Can options be traded on intra basis apart from the expiry day?
- If exercised before expiry, are there any penalties or something like that?
Hoping to get some answers.