Options Trading

Can I Exercise My Buy (Call/Put) Option?

No you cannot exercise your Buy options since currently in India all Index and Stock options are European in nature. In case of European Options the contracts can be exercised only on the last day of the contract expiry. All In the Money European contracts will be automatically exercised by the exchange on the last day of contract expiry, hence there will be no additional option for exercising on www.icicidirect.com. In case of an American option you can place an exercise request upto the Open (Call/Put) buy position anytime except on the Last date of the contract expiry.