Question on unpledging for covered calls

[saurabhshares]

Do one has to compulsory unpledge shares if covered calls ends ITM?

for eg.
I have 175 TCS. I have pledged to take margin on that. And sold a covered call.
And If this covered call ends ITM (in the money) on expiry day then will I have to compulsory unpledge the stocks on the last day of expiry? or zerodha will handle that?

[ShubhS9]

@saurabhshares

Do one has to compulsory unpledge shares if covered calls ends ITM?

for eg.
I have 175 TCS. I have pledged to take margin on that. And sold a covered call.
And If this covered call ends ITM (in the money) on expiry day then will I have to compulsory unpledge the stocks on the last day of expiry? or zerodha will handle that?

Pledged stocks are considered towards physical delivery obligation. If you’ve submitted POA, you don’t have to give unpledge request.

In case you’ve not submitted POA, you will have authorize pledge debit before Friday or on expiry day itself. We also send notification in this case.