Comment on Policy on settlement of compulsory delivery derivative contracts

Abhay commented on 30 Nov 2018, 12:58 PM

Hi, I had sold YESBANK18NOV180PE (sold 18Nov put at strike of Rs.180). The option closed yesterday – so I should be delivered the 1750 shares of Yes Bank and charged Rs. 180*1750. Instead my account has been settled in cash.
Can you explain why it was cash settled? I have maintained adequate cash to accept delivery of the shares. Yes Bank is one of the mandatory cash settled counters and you sent me e-mail to maintain cash balance in account – which i did.

View the full comment thread »