Will I be allowed to trade in NSE Crudeoil Option Contracts on Expiry Day ?

Yes, all NSE Crude Oil Options contracts will remain available for trading until 10:00 PM on the expiry day.

To avoid the risk of devolvement into futures, Kotak Neo liquidates all long/buy option positions on expiry day post 10 pm on a best-effort basis, subject to market liquidity.

In rare situations where sufficient liquidity is not available, positions may remain open and could be carried forward to the next trading day, which may result in devolvement into a futures contract.

Alternatively, Kotak Neo may instruct the exchange not to exercise long options that remain open at expiry, which may result in the buy option position being settled at zero value, thereby leading to a loss of the total premium paid.