AMO Orders stopped for exiting Option positions?

General
1

I am an Option writer. I place AMO orders during last expiry week every month to exit open positions. This time however Zerodha is NOT allowing me to do so with the message “AMO orders are blocked for current month stock options due to compulsory physical delivery”. This is crazy. You are proposing one thing but practicing another. To avoid physical delivery and higher margin requirements, I am trying to close open positions and Zerodha is stopping me from doing the same…

Why Zerodha why ? @ShubhS9

2

Thanks for reporting and we have fixed it. You can place the AMO orders going forward without issues.

3

Thanks for fixing this quickly. I will try this today evening if any positions for this series still remain open. Thanks

4

@Ragavendran_M Same problem is happening again today for Nov series… not letting me place AMO orders to exit my open positions… I thought you fixed it last time… why do I need to report the same problem again ?

@ShubhS9

5

We are checking. Will revert back here.

6

Kindly check now.

7

Thanks @Ragavendran_M. All good now.
Hopefully it doesn’t happen again next series.