Let’s say I sold put of sbilife 28th jan 2021 - 860 PE and current margin blocked is about 150k as per your margin calculator. now what will be change in margin requirement on Monday /Tuesday/Wednesday and finally Thursday?
This is what I found on your webpage
Futures and Short Option (Calls & Puts) positions
*** The margin requirement for all stock Futures and options contracts will be increased 2 days prior to expiry (Wednesday and Thursday of the expiry week) to twice of the exchange mandated SPAN + Exposure margin required.**
So can I assume that you will require double of 150k - so should be around 300k 2 days prior means starting Wednesday morning you would require 300k margin?
Also, I believe on Thursday before 2 pm you will need entire contract value even though it is not in the money? (because possibly it can go in the money?) or 300k is enough and remaining value of contract (after 300k) can be transferred on Friday before end of the day?