Comment on Policy on settlement of compulsory delivery derivative contracts — Update Oct 2019
commented on
24 Jan 2022, 09:09 PM
Hello Team,
I bought 1 lot of “tatapower 215 PE” on Jan 24th. Currently tatapower is at 229.55 which means my option is still OTM.
1. Assuming this becomes ITM tomorrow or on 27th, can I hold this option till expiry day (jan 27th) and exit the position myself before 3pm without maintaining required margin in my account?
2. If this option is OTM, should I still maintain required margin tomorrow?
3. As soon as tatapower spot price falls to 215 or lower either tomorrow or on expiry day, will my position get auto squared off immediately or can I exit myself to book the profit?
4. Can I buy OTM call or put options on expiry day or 2 days before expiry without maintaining required margin?