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    Everything You Need to Know About CAS Before August 3, 2026
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    New Updates In Futures & Options

    What Happens If I Do Not Square Off my long-dated options position?

    If positions remain open after the cut-off:

    • ICICI Direct will attempt to square off on a best-effort basis using market orders
    • In case of hedge positions, sufficient margins will be required to safeguard your open positions if there is a hedge-break due to system square-off
    • Positions may not get fully closed due to low liquidity in old-lot long-dated contracts & any odd lot positions will remain open till expiry, meanwhile you can square off your positions if you want, but, before December 30, 2025 (12 PM).

    Please note: Square-off of positions as mentioned above will be attempted by the system starting December 29, 2025 (12:30 PM) till December 30, 2025 (12 PM). You will not be able to square off any open positions through the Website or Mobile App post 12 PM on December 30, 2025. In case you still wish to square off, you can do so through our call-n-trade facility by dialling – 022-41330660*

    *Any trade executed through Call and Trade facility will be charged at Rs.50 + GST per executed trade.

    You can recreate your positions with the new lot sizes from: 31 December 2025 (BOD)

    What are the new lot sizes for index derivatives? When will the new lot sizes for weekly and monthly contracts be effective? What happens to existing contracts during the transition? Can different lot sizes co-exist in the same month? How do the new lot sizes impact margin requirements? What other changes has SEBI introduced in the F&O segment? What is the rationale behind the changes in Futures and Options new rules mentioned in circular dated November 2024? What are the implementation dates for the new changes? What is revised expiry schedule for NSE contracts? What is revised expiry schedule for BSE contracts? When will the new lot sizes for derivative contracts be effective? What is the change in lot size for long dated options and do I need to square off my long-dated positions? What are the deadlines to close my long-dated option positions?
    What is the Option 20 scheme? What is the GST amount for option trade? Where do I check the date from which I have been mapped under Options 20? Does ICICI Direct offer Futures & Options (F&O) contracts with up to 1-year expiry? What is VAR + ELM? Why is it required for stock options? What are the brokerage charges in Futures & Options if I am mapped to Option 7 scheme? Can I place an order before and after market hours for futures and options on ICICI Direct? What is the MTM (Mark-to-Market) process in F&O? Where can I check if a stock is in MWPL ban? Why am I unable to place an F&O order? Recent Price Revision in F&O When is Extreme Loss Margin(ELM) applicable? Why did my position in Futures and Options get squared-off ? What happens in case my F&O Limit goes negative due to placing Option Buy order at Market price? What are the system square off charges in F&O? How the fund payout process works in stocks and F&O contracts? What is the revised Securities Transaction Tax (STT) for F&O? Why isn't my order getting executed even though it has been placed successfully in Futures and Options? What are the criteria for the contract enablement in F&O? Understanding EBA/F&O Entries in Your ICICI Account or Ledger How limits are displayed on limits page? What is settlement cycle in F&O? How to download STT statement for Futures and Options? What is the additional exposure margin on securities under MWPL? When is a tax audit applicable to an F&O trader? How to fill for F&O Trading through ITR forms? Can F&O losses be set off against salary income or other business income? What happens if I incur a loss from F&O trading? Can I carry it forward? What are due dates and late filing impact? What documents are required for tax filling? What expenses can be deducted from F&O trading income? How much tax is payable on F&O profits? How is F&O turnover calculated for tax purposes? What are the new sectoral launches of NSE ? How is F&O trading income taxed in India? What is BSE launch on F&O contracts for Focused IT Index?