All In-The-Money (ITM) Crude Oil (NCOM) options contracts expiring on 7th May 2026 will automatically devolve into futures contracts if not squared off before expiry.

To hold the resulting futures position, sufficient margin must be maintained in your account. You can check the applicable margin requirements using our Margin Calculator.

Important Instructions:

• Ensure that adequate futures margin is available in your account well in advance to avoid square-off or margin penalties.
• Check margin requirements using the 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 6th May 2026 to prevent potential risks.

For any queries or support, please contact us.