In last few mins, I sold IDFCFirstbank 68 PE @0.30. As there was less liquidity and I expected that the stock may give closing less than 68 Rs and my contract will be exercised, I sold IDFCFirstbank May Futures @67.95.
But now IDFC First Bank has given closing on 68.00. Now i am confused what will happen to my 2 open positions. The short futures against short put will be adjusted against each other or I will get entire 30 paise in my put contract but my futures contract will get exercised and I will get delivery of 15000 shares.
If the latter happens , then is there any way to avoid delivery of shares or hedge against huge position.
Thanks
