Comment on Policy on settlement of compulsory delivery derivative contracts
commented on
24 Jun 2019, 07:56 PM
They sent me the following email.
Hi xxxxxx
We see that you have an open position in a contract with compulsory physical delivery. All F&O positions(including In the money long options) will attract a physical delivery margin of 50%(or SPAN + Exposure, whichever is higher) of the contract value for tomorrow.
Please ensure you have sufficient margins/stocks to avoid your position being squared off. Read our policy on compulsory physical delivery here.
Regards,
Team Zerodha
I have three open positions. Unless I know which position is up for compulsory square off, I have no clue. I cannot reply to them because it is from no reply. Certainly they lack common sense.