Physical settlement margin rules

[Kishan_Kumar1]

I read the zerodha page on physical settlement and there it is mentioned that just before 2 days of future expiry the margin required will be increased to double. I want to know what happens in case of spreads? Will the margin be doubled on separate order of the spread or the combined margin will be doubled?

[ShubhS9]

Margin will increase for each order you have, though for hedged positions you will continue to get margin benefit.

Have explained similar query here:

Last week Margin requirement for Hedged Position(Iron Condour)

Subrat, even of your position is hedged, margin requirements for Short positions will increase to twice of SPAN + Exposure margin on last two days of expiry, though you will continue to get margin benefit. [image] 335k, This is margin requirement to hold Short positions, you are also getting margin benefit of 143k, bringing your total margin requirement down to 192k. On last two days of expiry, your margin requirment for Short positions will increase to twice of SPAN + Exposure margin requir…