Is penalty levied for taking fresh positions in Both Option and Sellers Option contracts?
No fresh position is to be created during last five trading days of the contracts other than compulsory delivery option. On violation of the said directive non-compliance charges as specified in the Exchange circular no. MCX/546/2006 dated December 8, 2006 will be applicable. The financial gains made from above will be deposited in the Investor Protection Fund of the Exchange.
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