Upstox has introduced Zero DTE (Day to Expiry) Options Trading for CRUDEOIL, CRUDEOIL, NATURALGAS, & NATGASMINI, enabling traders to execute options trades right up until 9 PM on the expiry day.
What This Means for You?
Trade commodity options until 9 PM on Options expiry day itself.
Maximize your trading opportunities on the final day.
More flexibility for last-minute adjustments to your positions.
This enhancement gives traders greater control over their strategies, allowing them to capitalize on expiry-day price movements before contracts settle.
You can now trade the following instruments’ options contracts on their expiry day through Upstox:
CRUDEOIL
CRUDEOILM
NATURALGAS
NATGASMINI
Expiry Day Trading Rules & Position Management
1. Trading Access Until 9:00 PM
- New positions can be created only until 9:00 PM on expiry day.
- After 9:00 PM, no fresh trades will be allowed in expiring options contracts.
- At-the-money (ATM) & in-the-money (ITM) CrudeOil and CrudeOil Mini options contracts will be converted into futures contracts, provided margin requirements are met.
2. Expiry Day Notifications
To ensure a smooth trading experience, traders will receive email/SMS notifications reminding them of key deadlines.
Example Notification:
“Dear Client, please note that all ITM & ATM CRUDEOIL and CRUDEOIL Mini options contracts expiring today, 17th March 2025, will be converted into futures contracts. You can create fresh positions only until 9 PM today. To avoid square-off, please ensure you maintain sufficient margin for the futures contracts before 9 PM.”
3. Auto Square-Off of ITM Positions at 9:30 PM
- By 9:30 PM, an automated system will square off all in-the-money positions if sufficient margin is not maintained for futures conversion.
- Market orders will be executed at the best available price.
- Clients will receive a confirmation notification once their ITM positions are squared off.
Example Notification:
“Dear Client, your ITM CRUDEOIL/NATURALGAS options position has been squared off as per expiry day devolvement margin rules.”
Important Reminders
Plan your trades accordingly to avoid last-minute margin issues.
Ensure you maintain the required margin if you want to hold converted futures contracts.
Reach out to Upstox customer support for any queries before expiry.
Need Help? Contact Upstox Support for assistance.
Trade Smart, Stay Informed!