All In-The-Money (ITM) Natural Gas and Natural Gas Mini Options contracts expiring on 20th 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 funds are not maintained. To prevent this, all carry-forward ITM open positions may be squared off on 19th November 2025 anytime after 9:00 PM.
Important Instructions
Ensure adequate futures margin is available well 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 ahead of expiry to avoid unintended futures positions.
Square-off Alert: Any open ITM options positions may be squared off anytime after 9:00 PM on 19th November 2025 to prevent potential risks.
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