Comment on Policy on settlement of compulsory delivery derivative contracts — Update Oct 2019

Shubham commented on 21 Jan 2022, 04:25 PM

Hey Mohit, as your both PUT Options are ITM, if things remain the same on expiry, your physical settlement obligation will be netted-off. For Long ITM Options, the exchange blocks physical delivery margins from expiry minus 4 days, which increases in a phased manner as the expiry day nears. For the short option position, the margin requirement increases on the day of expiry to 40% of the contract value of SPAN + Exposure margin, whichever is higher. You can check out more details on this here.

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