Why I would need increased margin if I am an option buyer, today suddenly there is higher margin requirement, and i believe other brokers do it on monday of last week, here it happens week before the expiry, what should i do?
I square off one position for 33000 added 6000 more but still the margin which was 31800 is now reduced to 2122 and not going away what does that mean i donāt want any liquidation.
Hi @athma_prathisti - Can you provide us with the contract details (underlying, strike, order number, etc.)? Thanks!
Hi @mike
It was a delivery trade so do not have order number now
NATIONALUM 186 CE NFO 27FEB25 Delivery 11250
HAL 3800 CE NFO 27FEB25 Delivery 600
It was showing -31800 margin so i had to sell one lot of NATIONALUM 186 CE at 8.80 which equals 33000
also added 6000 more but it was still showing -2122 balance.
However none of my positions got liquidated but I even didnāt want to sell that lot but was confused if it is done by the system it will randomly close the position.
If you are referring the one i sold today
Order ID
250220040084188
Exchange Order ID
2700000083994075
Hi @athma_prathisti,
Please check this: Important update on physical settlements of contracts with a February 2025 expiry - Upstox
Since next Wednesday, Feb 27, is a trading holiday, physical delivery started a day earlier i.e Thursday. Thatās why you are seeing the impact. Let us know if you need more help, thanks.
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@Ushnota
Wow this is terrible why would i take physical settlement of underlying stock, is there any benefit to it?
So I can simply ignore this margin warnings and on expiry day it will be squared off by Upstox at 12:00PM which is great news.