All In-The-Money (ITM) Gold M Options contracts expiring on 28th 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 margin is not maintained. To avoid this, all carry-forward ITM open positions may be squared off on 27th November 2025 anytime after 9:00 PM.

Important Instructions

• Ensure that adequate futures margin is maintained before expiry to avoid auto square-off or penalties.

• Check 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 on 27th November 2025 to prevent potential risks.

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