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All In-The-Money (ITM) Crude Oil (NCOM) Options contracts expiring on 9th 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 margin is not maintained. To avoid this, all ITM open positions may be squared off on 8th December 2025 anytime after 9:00 PM.
Important Instructions
Ensure that adequate futures margin is available before 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 ahead of expiry to avoid unintended futures positions.
Square-off Alert: Any ITM options positions may be squared off anytime after 9:00 PM on 8th December 2025 to prevent potential risks.
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