You have 260 short positions in May expiry spread across 4 different strike prices. If NIFTY closes at 24,200 on the 25th, just multiply 260 by 24,200 and you get a total value of ₹62,92,000. The exchange asks for 2% of this as an extra safety margin, which comes to ₹1,25,840. That’s the additional amount you’ll need to keep in your account.
Also, I see that you are holding calendar spread positions. The hedge benefit you are currently receiving for these positions will be removed on the expiry day.
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