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All In-The-Money (ITM) Crude Oil and Crude Oil Mini Options contracts expiring on 16th December 2025 will automatically devolve into futures contracts if they are not squared off before expiry.
Since ITM options convert into a futures position upon expiry, there is a risk of margin shortfall or potential debt if sufficient funds are not maintained. To avoid this, all carry forward ITM open positions may be squared off today, i.e., 15th December 2025, anytime after 9:00 PM.
Important Instructions
Ensure that adequate futures margin is maintained well in advance to avoid auto square-off or penalties.
Check applicable margin requirements using our MCX Margin Calculator.
It is strongly recommended to square off ITM options before expiry to avoid unintended futures positions.
Square-off Alert: Any ITM options positions may be squared off anytime after 9:00 PM today, i.e., 15th December 2025, to prevent potential risks.
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