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Today Is JUL 16 Expiry Day Close All Positions

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Traditional brokers charge a lot for brokerage; however, this broker does not charge anything for stock buying and selling. Also, you can set GTT (Good Till Triggered) order after buying a stock, so that the system can sell the stock automatically at your target price even if you are not monitoring the market. Only 25k is blocked for option selling with hedge. Also, you get a lifetime free account in Sensibull (virtual trading app & strategy builder) which charges Rs.800/-+GST a month. Learn option hedging strategy if you open an account today. It takes 5 minutes to open an account online. Click here and Open Free Account with Them Today >>

Today is July 16 expiry day for all Options and Futures trades that are for the month of July 2016. They will expire today at 3.30 pm.

It is advised that you close all your July 16 expiry Options which are In The Money (ITM) – you can leave Out of Money (OTM) Options to expire worthless, and ALL Futures trades today before 3.15 pm, in fact if possible before 3.00 pm as after 3.15 pm your broker’s risk management team will close it at market rates and you will have to accept whatever the rates you get. Some of the brokers have automated this system which starts at 3.15 pm.

It is therefore better that you close it yourself. Please note that the Options and Futures derivatives for next month or any other month in future will not be closed. Only those which are July 16 derivatives will be closed today.

So the rest you close if you wish, but derivatives expiring July 16 cannot be traded from tomorrow so they will be forcibly closed if open at 3.15 pm today.

It’s better to avoid this situation so close them yourself to know the results of the trades.

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Traditional brokers charge a lot on brokerage, however this broker does not charge anything for stock buying and selling. Also, you can set a Good Till Cancelled order after buying stock so that the system can sell the stock automatically at your desired price even if you are not monitoring the market. Plus only 25k is blocked for option selling. It takes 5 minutes to open an account online. Click here and Open Stock Buy & Sell Free Account with Them Today >>

About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

{ 2 comments… add one }
  • chouhan July 28, 2016, 10:33 pm

    no broker closes the trade at 3:15 if the trade is not intraday and extra leveraged

    • Dilip Shaw July 29, 2016, 12:51 pm

      Actually it differs from broker to broker. Some close it as a risk management policy – especially the big ones. Some do not and let the market decides what to do with open trades. I think its also mentioned in the post. But what I am trying to say is it is not good idea to leave to others to do the trading with your money. It is better that you close it yourself. Personally I do close if open but the choice is yours. I am a very conservative man and serious about my trades which I want to control myself and not let anyone else control it. My point is to spread knowledge rest its readers choice to follow or not. Thanks.

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