Then it will be a net off if put is ITM.
correct !
BUT what if the RMS square off the future position before expiry and could not square off the option ;
?
in this case , what is the mistake of the client ?
What is your query?
you said/replied :
to the query :
=====
I asked :
Why will RMS close Futures if client has ITM put short and has enough margin? also in case they want to close they may close put first.
I mean : if the client has shorted future and short the put ; with NO additional margin as required in the last days of the expiry ;;; will RMS close any of the positions ?
what will be brokerage and charges?
Brokerage charges for physical settlement are 0.25% on the physically settled value.