All In-The-Money (ITM) Gold M Options contracts expiring on 29th 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 today, i.e., 26th December 2025, anytime after 9:00 PM.

Important Instructions

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

• You can check applicable margin requirements using our MCX Margin Calculator.

• It is strongly recommended 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., 26th December 2025, to prevent potential risks.

• For queries or support, please contact us here