I like selling OTM and hedging by buying 100 points further OTM.
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If I have sold a PUT option in Crudeoil of strike price 5400 and the expiry is in July. How is the settlement going to ... OTM? Please give an elaborative answer.
If an index option seller forgets to exit (buy) an ITM put on the expiry day, what will be the consequences? When will it be auto settled?