MCX option chain: crude oil, gold, silver, natural gas and copper
OIData reads the nine most-traded MCX option contracts the way it reads NIFTY: a live option chain with open interest and its change since the previous close, IV and Greeks, PCR and max pain, the day's trending OI and the dealer-positioning cockpit — recorded every minute from 09:00 to MCX's close.
The nine contracts
| Contract | Symbol | Lot | Price quoted in | ₹1 move, per lot |
|---|---|---|---|---|
Crude OilCRUDEOIL | CRUDEOIL | 100 barrels | ₹ per barrel | ₹100 |
Crude Oil MiniCRUDEOILM | CRUDEOILM | 10 barrels | ₹ per barrel | ₹10 |
GoldGOLD | GOLD | 1 kg | ₹ per 10 g | ₹100 |
Gold MiniGOLDM | GOLDM | 100 g | ₹ per 10 g | ₹10 |
SilverSILVER | SILVER | 30 kg | ₹ per kg | ₹30 |
Silver MiniSILVERM | SILVERM | 5 kg | ₹ per kg | ₹5 |
Natural GasNATURALGAS | NATURALGAS | 1,250 mmBtu | ₹ per mmBtu | ₹1250 |
Natural Gas MiniNATGASMINI | NATGASMINI | 250 mmBtu | ₹ per mmBtu | ₹250 |
CopperCOPPER | COPPER | 2,500 kg | ₹ per kg | ₹2500 |
Lot sizes as the exchange lists them on 27 October 2026; the exchange can revise them.
How an MCX option chain differs from NIFTY's
MCX commodity options are options on futures. Every expiry is written on a particular futures month, so the line between the strikes shows that future (marked Fut) rather than a spot price, and OI, PCR and the walls are all read against it. More than one expiry can share a future: on 27 October 2026, gold's 30 October and 27 November options were both written on the December future.
Open interest and volume for MCX contracts arrive in lots, so commodity chains show lots throughout and have no Qty/Lots switch. Expiries are monthly, one series a month for each commodity, and each series expires before the future it is written on.
MCX trades from 09:00 to 23:30, or to 23:55 while US clocks are on winter time (early November to mid-March), and on some equity holidays it opens for the evening session only. The evening, when US markets are open, is usually the busiest stretch, and OIData records it minute by minute like the morning.
What OIData shows for every commodity
Option Chain with OI change, IV and Greeks, PCR, max pain and support and resistance, plus a Replay that rewinds any recorded day minute by minute. Trending OI, OI Stats, Futures OI and Straddles & Strangles, counted from MCX's 09:00 open. The Session Chart with minute candles, per-strike OI, PCR, ATM IV and max pain beside the price.
Dealer Positioning measures hedging pressure in ₹ crore (open interest in lots times the units in a lot), with the call and put walls, the gamma flip, pin conviction and a hedge ladder in MCX lots. Volatility adds the IV term structure, skew and surface; Expiry Day the straddle decay, expected-move band and max-pain drift; Options Activity the unusual volume bursts. The Trending OI, Buildup and GEX screeners each have a Commodities tab, and alert rules can watch any of the nine.
Every MCX session has been recorded since 27 October 2026; days before that cannot be replayed.
Open a commodity on OIData
Each commodity's option chain
Guides
- Options on futures: how MCX commodity options differ from NIFTY options
- MCX trading hours: 9 AM to 11:30 PM, the 11:55 PM winter close and evening-only days
- Crude oil options on MCX: reading open interest, PCR and max pain
- Gold options on MCX: GOLD and GOLDM, the December future and dealer gamma
- Natural gas options on MCX: high IV, the storage report and Trending OI
Frequently asked questions
OIData is an analytics tool, not a SEBI-registered investment adviser: the data and readings on these pages are for research and do not recommend buying or selling anything. Commodity derivatives carry substantial risk.