Hi, today I bought one lot put option of banknifty @21500 strike prize for intraday trade. I bought an option for the first time. However, when I tried to square off my position, the order got rejected saying I need to add funds of 1.03 lakhs. I am not able to understand why this happened. I am not trying to sell naked put option, I am trying to square off my open position.
Can someone explain the reasoning behind this issue?
I was relieved when the stoploss order got executed. Otherwise I would have been stuck with this put option.
Please see the screenshot for your reference.