I have 200 banknifty 20600PE Apri sold positions.It is in profit.But I am not able to square off the position as terminal says it has reached the limit of maximum OI for Zerodha (15%).
How can I square off the position.Or will it continue like this expiry.
Please advice…
@nithin Can you please explain this. What happen when Maximum OI limit has reached and we have short position.
How can we exit position ?
Why is the regulatory limit of 15% open interest(OI) of total market wide OI in any F&O contract not applicable when option buying done for hedging? How does SEBI know whether the option buying is naked or for hedging purposes?