Say I purchased 1 lot of Reliance at 2409.85.Towards that, I offered an 2400 ITM name at 57.7.I let these expire.
What would be the margin required within the fut contract as of the expiry day? Will or not it’s 50% of the contract worth?
How will the contract be settled? Will I be assigned at 2409.85 and the identical shares be taken away at 2400?
Will all this course of be automated at your finish, in order that even when I don’t have money to purchase 1 lot of Reliance and neither have 1 lot to ship, I wouldn’t be in bother?