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    What happens if I square off one leg and hedge is broken?

    If any leg of the hedge is squared off, the hedge margin benefit is removed  immediately, and the remaining leg of position attracts the full margin requirement. If the margin required for that remaining leg of position is not available in your trading account, the system will square-off that remaining leg of position partially or fully, depending upon the amount of margin shortfall. Hence, it is always suggested to maintain sufficient funds in your F&O allocation before breaking any hedge.

    If I already hold a Put Long Options position and place a Futures Long position later, will I get hedge margin benefit immediately or will I be required to provide full margin for the Futures Position ? Why does the system block full margin if I execute only one leg on Basket order? Does margin benefit apply to both Buy-first and Sell-first hedge structures? Does margin benefit apply across different scrips? Can I hedge using weekly options? What happens to margin benefit near expiry?