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what will happen if I don’t square off my sell option in F&O before its expiry?

Call will be booked to current market price. Nothing matter whether you book profit or loss. The day of expiry automatically your position will be mark to market.
This is what happened in the case of future and options. There is no penalty or anything.
As like every day it would be marked by m2m that is Mark to market.

Happy trading!!
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  1. Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
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