All In-The-Money (ITM) Crude Oil and Crude Oil Mini Options contracts expiring on 17th November 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 on 14th November 2025 anytime after 9:00 PM.

Important Instructions

• Ensure adequate futures margin is available well in advance to avoid square-off or margin penalties.

• Check applicable margin requirements using our MCX Margin Calculator.

• It is recommended to square off ITM options before expiry to avoid unintended futures positions.

• Square-off Alert: Any open ITM options positions may be squared off anytime after 9:00 PM on 14th November 2025 to prevent potential risks.

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