Margin Shortfall for expired option

[ShubhS9]

@thebeamer

That means it is possible that there might not be any penalty at all since this happened at 3:25 PM when the trading hours are almost over. But if the snapshot was taken between 3:25 and 3:30 there would be a penalty

Ah, sorry. Missed that bit. There will be shortfall penalty, please check out this post: Margin Penalty applicable if all my short options expire tonight - #4 by MohammedFaisal

@thebeamer

Also, can’t zerodha tech team make sure if we select the exit all option, the sell options are squared off first and buy ones later. what’s stopping you guys in this

When you’re selecting exit all, you will be placing market order. Here execution depends on market factors, for some contracts, liquidity will be good, while there won’t be much for others, so the execution can vary.

Hence, when you’re squaring-off your position, best to first exit short leg and the the long.