Short straddle adjustment possible on same day?

Hi Fyers,

This is a question on Short Straddle adjustment

  1. Suppose there is a position holding Short straddle BNF , want to exit one side (PE) and again re enter the same day on PE side . Is it possible ? Will it accept or will lead to Margin shortfall? 

NOte: THis is just clearing & re entering again considering at same levels 

 

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