I might question if this has ever actually happened though - I mean, the exchange knows who can / cannot take delivery, as do the brokers.
If a trader is still long at expiry, they will most likely have an agreement that the position will be closed out.
@NotThamesWater started
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I might question if this has ever actually happened though - I mean, the exchange knows who can / cannot take delivery, as do the brokers.
If a trader is still long at expiry, they will most likely have an agreement that the position will be closed out.