OTM options
Out of the Money (OTM) options expire worthless automatically. No action needed — your position closes at zero.
ITM options
In the Money (ITM) options may trigger physical delivery obligations as per SEBI regulations. If sufficient margin is not available, Sahi may auto square-off the ITM position.
Best practice for retail traders: Close all ITM option positions before 3:00 PM on expiry day to avoid physical delivery complications and potential auto square-off charges.