I attached screenshot, If i hold this position till expiry how much margin will required at expiry day or before.
Before expiry, the margin requirement will be as shown in the second picture ie. 87k. However on last two days of expiry margin requirement will rise to twice of SPAN + Exposure margin for your Futures position and Short Option position.
Your approx. margin requirement on the last two days will be 359k (Futures: 264k (Twice of 132k), Short Option position: 284k (Twice of 142k)) minus the margin benefit you’re getting ie. 189k.
Also, if your Long Option position is ITM, on that too, exchange collects physical delivery margin from expiry minus 4 days. This has been explained in detail here.
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