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All In-The-Money (ITM) Crude Oil (NCOM) Options contracts expiring on 7th January 2026 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 margin is not maintained. To avoid this, all ITM open positions may be squared off today, i.e., 6th January 2026, anytime after 9:00 PM.
Important Instructions
Ensure that adequate futures margin is maintained ahead of expiry to avoid auto square-off or penalties.
Check applicable margin requirements using our MCX Margin Calculator.
It is strongly advised 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., 6th January 2026, to prevent potential risks.
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