All In-The-Money (ITM) Natural Gas and Natural Gas Mini Options contracts expiring on 23rd 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 carry forward ITM open positions may be squared off today, i.e., 22nd December 2025, anytime after 9:00 PM.

Important Instructions

• Ensure that adequate futures margin is available ahead of expiry to avoid auto square-off or penalties.

• You can 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., 22nd December 2025, to prevent potential risks.

• For any queries or assistance, please contact us here.