Settlement Value Calculator
Compute the cash settlement value of an in-the-money option at expiry from the final settlement price, strike, lots and lot size.
Quick answer: At expiry an in-the-money option settles for its intrinsic value: (settlement price − strike) for a call or (strike − settlement price) for a put, times lots × lot size. This tool computes that cash amount and your net after premium.
How to use it
Enter the final settlement price, the strike, option type, number of lots, lot size and the premium. The tool computes the intrinsic value at expiry, the total cash settlement (intrinsic × lots × lot size) and an indicative net versus your premium. It excludes STT, brokerage and statutory charges.
Limitations of the Settlement Value Calculator
What this tool does not model — read before relying on any number it shows:
- It models cash settlement, which applies to Indian index options and futures; single-stock options are physically settled (delivery since October 2019), where the cash figure here does not represent the true obligation.
- It excludes STT, brokerage and statutory charges; exercised in-the-money options attract STT on the settlement value, which is typically higher than the STT on squaring off — verify current rates before holding to expiry.
- You must supply the final settlement price; the exchange derives it from the last-30-minute weighted average on expiry day, which is not knowable in advance.
- It shows a single-leg outcome and does not net multi-leg positions, margin, or the mark-to-market path a futures position takes into settlement.
Frequently asked questions
How is settlement value calculated at expiry?
For an in-the-money option it is the intrinsic value — (settlement price − strike) for a call, (strike − settlement price) for a put — multiplied by lots and lot size, settled in cash for index options.
What is the final settlement price?
For Indian index options it is the weighted average of the underlying index over the last 30 minutes of trading on expiry day, used to settle all in-the-money options.
Does this include STT and charges?
No. It shows the gross settlement value. Exercised in-the-money options attract STT on the settlement value plus brokerage and statutory charges, which reduce your net.
What if the option is out-of-the-money?
Then its intrinsic value is zero, so the settlement value is zero — it expires worthless and only the premium (lost by the buyer, kept by the seller) is relevant.
Runs entirely in your browser — no data leaves your device. Illustrative and educational only; exchange rules and charges apply in practice.