Expirycontract khatam hone ki tareekh

Expiry is the date on which a derivative contract ends. On that day, futures and options are settled at the exchange's final settlement price and disappear from your account. Nifty and Bank Nifty have had weekly and monthly expiries, and the exact days have changed several times, so always check NSE's current calendar. Stock options and futures expire monthly, in the last week of the month; the weekday has also changed, so verify it. As expiry approaches, an option's time value shrinks, and on expiry day out-of-the-money options go to zero. Suppose you hold a Nifty 24,500 call and Nifty closes at 24,450 on expiry; the option expires worthless and the full premium is lost. Stock options that expire in the money are physically settled, meaning you may have to take or give delivery of shares, which requires large funds. Square off before expiry unless you understand this.