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All In-The-Money (ITM) Zinc and Copper Options contracts expiring on November 21, 2025, will automatically convert into futures contracts if they are not settled 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 available. To avoid this, all ITM open positions will be squared off on November 20, 2025, anytime after 9:00 PM.
Important Instructions
Ensure adequate futures margin is maintained well in advance to avoid square-off or margin penalties.
Check applicable margin requirements using our MCX Margin Calculator.
It is recommended to square off ITM options before expiry to avoid unintended futures positions.
Square-off Alert: Any open ITM options positions may be squared off anytime after 9:00 PM on November 21, 2025, to prevent potential risks.
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