Commodity orders are placed in lots and not in shares. For each commodity, the lot size is different and you can enter the lot size on both scrip info and order form page. For example, 1 lot of crude oil is 100BBL.
What happens to my open MIS positions in Commodity Options and Futures after 11:15 PM?
Does Kotak Securities allow long option positions to devolve into futures on expiry day if they expire In-the-Money?
Will I be allowed to trade in Commodity Options on expiry day?
What happens to long positions in commodity future contract expiry on the first day of the tender period?