No luck this time, tendered 1 share, but now credited back to my demat. Some members here say that shares tendered in the opening days get preference. I applied on the 1st day itself, but then don't know when my broker, HDFC Securities, actually submitted it. Those who applied with single share through HDFC Securities please reply whether it was accepted or not.
Vikas Lohia ji and UPG ji, thank you for replying and👍for the100% acceptance that you all got. From the comments here, it looks like 90% to 95% of single share tenders were accepted. A few like me falls in the unlucky 5%🙁.
I didn't understand this explanation. I will ask my doubt with an example. Please, someone, clear it.
Suppose, I have 250 Shares of Bajaj Finance which is also its F&O lot. My buying price is 4500 and CMP is 5000. I sold next month's far OTM call of strike 5500 @ 250. So I got a premium of 250*250= 62500. My plan is to square off this position @ 100 or below next month, due to premium decay, so I will get the profit of ~150 and keep my holding intact.
But, instead, the price shoots to 6000 and my option is now trading at 500. So now I'm at a loss of 250*250=62500. Now, what should I do? Should I exercise the option because I have equity shares? Do normally people exercise options? If I exercise than will I get my money @5500 which is my strike price or @6000 which is CMP?
Are there any listing benefits in NCDs? There are many options n this NCD, which one will have most volume after listing? How''s Call & Put works on NCDs?