You will get margin benefits for hedged positions, you can calculate the margin requirements here.
You will get shares of PFC. The shares will be delivered to you at the strike price of the contract, i.e 150 in this case.
Ideally, you will receive the physically settled shares in your demat account on 2nd Jan(T+2nd Day) and the same will be visible in your holdings from 3rd Jan onwards.
In case, if there’s a short delivery, the exchange will conduct an auction settlement on the T+3rd day and the delivery of shares in your demat account will be on the T+4th day. Here, T-day is the expiry day.
Note: If the exchange is unable to procure the shares in the auction settlement, the transaction will be settled in cash based on the close-out price. To know more, refer to this support article.
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What IF I sell DEC future PFC on Monday, will still have to delivery of PFC PE sell ?
On the day of expiry if DEC 150 PE expires ITM, then the physical delivery obligation will be netted-off and you won’t have to take delivery of shares.
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Future sell expiry should be same month? , as I have sell position PFC sell on Jan expiry and PFC PE sell DEC expiry
Can I switch future future sell from Jan to Dec to avoid physical delivery obligation
Yes, expiry needs to be the same.
You will have to square-off position in January expiry and then take position in Dec expiry futures. If you have sufficient funds, you won’t need to square-off position in Jan futures, just take position in Dec futures.
Can I switch future sell Jan expiry to Dec expiry future sell on the day of expiry day or Monday when market opens?
Don’t wait till expiry…(as it requires more margin) , just do it on Monday.
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and use basket order feature for simultaneously exiting from Jan expiry and taking position in December expiry future.
how to use order feature ? @Stonecold
For mobile version follow this :-
and for Web Version follow this:-