CRUDEOIL April Future. Please help

Vicky · April 21, 2020, 12:16pm

This is huge mate. I am sure, u will come out of this

hiren_parekh · April 21, 2020, 12:29pm

But normally broker auto square any positions on expiry before closing, then how did your position dint got sold??

anshabhi · April 21, 2020, 1:09pm

So a 1 long lot holder will pay almost 3.8 lakhs

doesn’t make any sense. MCX should take extraodrinary measure and expire the contract at MCX LTP of 965 only. Market was closed and there was no way for anyone to trade.

Or MCX should pay using its settlement guarantee fund. Anything in MCX T&C regarding such a situation?

Prakhar_Agrawal · April 21, 2020, 1:45pm

Please provide the link to same. I couldn’t find it.

a13989 · April 22, 2020, 1:24am

Yes its a huge loss. Didnt expect they will charge negative price as market close the price was 965

a13989 · April 22, 2020, 1:24am

Yes. I dont understand why there was no square off before market close

siva · April 22, 2020, 1:58am

Broker won’t do that, it is cash settlement.

ayekee · April 22, 2020, 9:42am

Rekhagupta · April 27, 2020, 5:14pm

Any update on High court decision against negative settlement of crude oil contract at MCX ?

Vidya_Joshi · April 27, 2020, 5:52pm

Ma’am I hope you recover all your losses. God bless

siva · April 28, 2020, 2:57am

I think tomorrow is hearing, but I believe nothing will come out of this, lets see.