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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹8,395
PCR 0.68
Max Pain 8,900
ATM Strike 8,400
Updated 23:57:10 IST
17 Nov  (nearest) 16 Dec
CALLS STRIKE PUTS
OI ΔOI Vol LTP IV% Δ Θ Buildup Strike Buildup Θ Δ IV% LTP Vol ΔOI OI
1 +0 0 5208.30 6.4 0.900 -82.23 No Conclusion 3,850 No Conclusion -0.08 -0.000 145.0 0.10 0 +0 0
0 +0 0 4061.30 471.6 0.858 -78.08 No Conclusion 5,000 Put Buying -3.89 -0.013 157.7 10.40 6,187 +862 1,232
0 +0 0 3562.60 412.3 0.836 -75.17 No Conclusion 5,500 Put Buying -4.07 -0.017 133.9 11.50 5,092 +718 870
0 +0 0 3063.90 358.0 0.811 -71.57 No Conclusion 6,000 Put Buying -5.10 -0.026 116.1 16.20 13,534 +1,571 2,312
3 -1 1 1818.00 0.0 0.000 0.00 Call Long Covering 6,500 Put Buying -7.20 -0.046 102.4 27.50 26,536 +2,635 3,321
0 +0 0 2166.90 268.8 0.752 -63.08 No Conclusion 6,900 Put Buying -10.40 -0.082 95.4 49.70 5,720 +326 476
165 -25 77 1456.80 90.2 0.914 -11.54 Call Long Covering 7,000 Put Buying -11.20 -0.093 93.4 56.80 64,072 +1,781 5,265
0 +0 0 2017.90 254.8 0.739 -61.37 No Conclusion 7,050 Put Buying -11.77 -0.100 92.9 61.80 9,133 +426 484
0 +0 0 1968.30 250.2 0.735 -60.78 No Conclusion 7,100 No Conclusion -6.08 -0.059 71.5 25.10 0 +0 10
0 +0 0 1869.40 241.0 0.726 -59.58 No Conclusion 7,200 Put Buying -13.16 -0.122 90.3 76.40 195 +33 33
0 +0 0 1820.10 236.5 0.721 -58.96 No Conclusion 7,250 No Conclusion -6.57 -0.072 66.9 29.30 0 +0 6
0 +0 0 1770.90 232.0 0.716 -58.34 No Conclusion 7,300 Put Buying -13.97 -0.138 88.1 86.60 5,828 +639 639
0 +0 0 1721.90 227.5 0.711 -57.71 No Conclusion 7,350 Put Buying -14.89 -0.150 88.7 97.10 29 +2 2
0 +0 0 1672.90 223.0 0.705 -57.06 No Conclusion 7,400 Put Buying -15.00 -0.157 86.7 100.40 9,375 +413 447
0 +0 0 1624.20 218.6 0.700 -56.42 No Conclusion 7,450 Put Buying -15.90 -0.171 87.2 112.00 5,051 +190 255
103 +24 155 953.30 62.0 0.889 -9.79 Call Writing 7,500 Put Buying -15.98 -0.178 85.2 115.80 88,562 +3,017 6,009
15 +0 0 1479.20 205.7 0.682 -54.43 No Conclusion 7,600 Put Buying -17.06 -0.203 84.2 134.90 14,777 +625 640
0 +0 0 1431.40 201.4 0.676 -53.76 No Conclusion 7,650 Put Buying -17.49 -0.215 83.4 144.30 297 +35 35
0 +0 0 1384.00 197.3 0.670 -53.09 No Conclusion 7,700 Put Buying -18.04 -0.230 83.0 156.00 23,346 +454 858
0 +0 0 1336.80 193.2 0.663 -52.40 No Conclusion 7,750 No Conclusion -18.60 -0.244 82.8 168.90 121 +0 2
0 +0 0 1290.10 189.1 0.656 -51.72 No Conclusion 7,800 Put Buying -19.07 -0.259 82.3 181.70 36,370 +898 1,356
0 +0 0 1243.80 185.1 0.649 -51.03 No Conclusion 7,850 Put Buying -19.46 -0.274 81.7 194.50 836 +91 93
0 +0 0 1197.90 181.2 0.641 -50.33 No Conclusion 7,900 Put Buying -19.88 -0.290 81.3 209.00 26,127 +605 952
0 +0 0 1152.60 177.4 0.633 -49.64 No Conclusion 7,950 Put Buying -20.14 -0.306 80.5 222.50 11,531 +424 453
420 +217 3,183 635.70 77.7 0.681 -21.26 Call Writing 8,000 Put Buying -20.68 -0.324 80.7 241.60 178,653 +590 8,807
0 +0 0 1063.50 169.9 0.617 -48.23 No Conclusion 8,050 Put Buying -20.82 -0.341 79.8 255.90 13,708 +398 475
0 +0 28 557.10 74.2 0.648 -21.07 No Conclusion 8,100 Put Buying -21.15 -0.359 79.6 275.00 28,686 +376 850
0 +0 27 530.60 74.8 0.627 -21.61 No Conclusion 8,150 Put Buying -21.33 -0.377 79.1 293.10 12,922 +68 272
269 +269 2,002 512.20 76.8 0.606 -22.49 Call Writing 8,200 Put Buying -21.58 -0.396 79.0 314.30 48,850 +745 2,020
92 +92 670 485.60 77.0 0.586 -22.77 Call Writing 8,250 Put Buying -21.77 -0.414 78.8 336.20 24,829 +945 1,324
1,642 +1,642 17,268 451.40 75.5 0.567 -22.53 Call Writing 8,300 Put Buying -21.87 -0.433 78.6 358.40 61,875 +2,797 3,428
369 +369 5,868 426.30 75.6 0.547 -22.68 Call Writing 8,350 Put Buying -21.95 -0.453 78.4 382.20 29,497 +513 856
2,022 +2,018 21,496 403.30 75.8 0.527 -22.84 Call Writing 8,400 Put Buying -21.93 -0.472 78.1 406.10 58,211 +1,044 1,657
584 +580 5,896 379.40 75.8 0.507 -22.83 Call Writing 8,450 Put Buying -21.91 -0.491 78.0 431.90 22,062 +285 603
2,900 +2,407 30,957 354.60 75.3 0.487 -22.67 Call Writing 8,500 Short Cover -21.85 -0.511 77.9 458.90 158,701 -776 4,724
454 +448 7,257 335.20 75.7 0.468 -22.70 Call Writing 8,550 Short Cover -21.42 -0.531 76.8 481.40 26,794 -14 350
1,845 +1,743 30,968 311.60 75.1 0.448 -22.39 Call Writing 8,600 Put Buying -21.45 -0.549 77.3 513.70 57,817 +628 1,403
766 +759 10,985 292.90 75.3 0.429 -22.25 Call Writing 8,650 Short Cover -21.02 -0.569 76.6 540.00 27,871 -107 285
2,778 +2,661 38,340 274.40 75.3 0.410 -22.02 Call Writing 8,700 Short Cover -21.27 -0.585 78.2 579.40 76,152 -20 865
624 +593 12,758 257.80 75.5 0.392 -21.80 Call Writing 8,750 Short Cover -20.64 -0.606 77.0 605.70 28,742 -197 198
3,266 +3,151 51,993 240.10 75.4 0.373 -21.42 Call Writing 8,800 Put Buying -20.71 -0.621 78.3 644.90 96,974 +395 2,427
987 +967 23,414 225.80 75.7 0.356 -21.16 Call Writing 8,850 Short Cover -20.90 -0.634 80.0 687.10 40,695 -149 326
3,136 +2,590 56,338 211.10 75.8 0.339 -20.79 Call Writing 8,900 Short Cover -19.90 -0.656 78.2 712.50 83,206 -21 1,641
865 +698 25,404 199.00 76.3 0.323 -20.51 Call Writing 8,950 Short Cover -20.29 -0.666 80.6 759.60 34,611 -429 292
10,967 +8,402 147,268 185.30 76.3 0.306 -20.04 Call Writing 9,000 Short Cover -19.13 -0.687 78.6 785.70 162,514 -1,516 6,171
1,149 +811 34,030 174.70 76.8 0.292 -19.72 Call Writing 9,050 Short Cover -18.78 -0.702 79.0 824.30 28,731 -421 289
4,919 +2,270 76,365 163.20 77.0 0.277 -19.25 Call Writing 9,100 Short Cover -18.78 -0.713 80.4 868.40 53,221 -643 2,203
1,042 +309 20,803 153.80 77.5 0.264 -18.89 Call Writing 9,150 Short Cover -17.83 -0.731 79.2 901.20 10,081 -320 205
5,071 +1,169 55,914 143.40 77.6 0.249 -18.38 Call Writing 9,200 Short Cover -16.54 -0.752 77.2 931.50 21,516 -1,365 1,286
883 -172 13,665 136.00 78.3 0.238 -18.07 Call Long Covering 9,250 Short Cover -18.44 -0.744 84.0 999.50 3,346 -343 189
3,376 +75 40,774 127.00 78.5 0.225 -17.56 Call Writing 9,300 Short Cover -17.35 -0.761 82.6 1033.00 8,025 -749 1,015
750 -111 12,314 120.50 79.2 0.215 -17.23 Call Long Covering 9,350 Short Cover -17.82 -0.765 85.5 1084.70 1,651 -405 159
3,553 +886 33,440 113.60 79.7 0.204 -16.82 Call Writing 9,400 Short Cover -14.39 -0.802 77.8 1096.10 2,631 -193 849
648 -235 13,766 107.60 80.3 0.194 -16.45 Call Long Covering 9,450 Short Cover -19.11 -0.768 92.1 1192.00 431 -18 125
8,851 +2,382 82,108 101.80 80.9 0.185 -16.07 Call Writing 9,500 Short Cover -16.88 -0.793 87.7 1215.80 5,203 -492 2,220
955 -5 10,993 96.60 81.5 0.176 -15.71 Call Long Covering 9,550 Put Buying -23.08 -0.752 105.9 1329.00 138 +5 103
3,862 -189 34,789 90.70 81.8 0.167 -15.24 Call Long Covering 9,600 Short Cover -14.59 -0.823 84.8 1289.60 884 -267 1,304
505 +18 7,273 86.60 82.6 0.160 -14.94 Call Writing 9,650 Short Cover -24.49 -0.754 112.7 1437.50 92 -25 64
3,827 +108 29,501 80.50 82.7 0.151 -14.37 Call Writing 9,700 Put Buying -22.10 -0.776 107.7 1458.20 377 +11 1,098
314 +46 5,975 78.70 84.1 0.146 -14.30 Call Writing 9,750 Short Cover -22.27 -0.780 109.7 1507.10 11 -6 36
2,237 +56 19,982 73.50 84.2 0.138 -13.78 Call Writing 9,800 Short Cover -19.80 -0.802 104.7 1530.00 184 -6 1,218
414 -77 5,671 71.30 85.4 0.133 -13.63 Call Long Covering 9,850 Short Cover 0.00 0.000 0.0 1116.60 6 -6 45
1,597 +241 16,490 67.40 85.8 0.127 -13.23 Call Writing 9,900 Short Cover -23.90 -0.783 118.5 1665.60 284 -65 423
486 -181 6,655 64.80 86.7 0.122 -12.99 Call Long Covering 9,950 No Conclusion 0.00 0.000 0.0 1018.90 3 +0 26
6,949 +1,654 73,798 60.90 87.0 0.115 -12.54 Call Writing 10,000 Short Cover -14.95 -0.852 98.2 1680.70 1,065 -114 546
324 -16 3,908 58.50 87.8 0.111 -12.29 Call Long Covering 10,050 Short Cover -23.90 -0.796 122.9 1808.20 7 -5 36
686 +89 11,904 55.70 88.3 0.106 -11.96 Call Writing 10,100 No Conclusion 0.00 0.000 0.0 1105.20 0 +0 25
195 +33 2,189 53.50 89.1 0.101 -11.71 Call Writing 10,150 Short Cover -22.12 -0.814 121.2 1887.20 13 -1 22
877 +180 14,099 50.10 89.3 0.096 -11.26 Call Writing 10,200 Short Cover -10.47 -0.896 92.3 1845.00 6 -4 62
239 +98 2,403 49.10 90.5 0.093 -11.18 Call Writing 10,250 Short Cover -16.55 -0.856 109.8 1937.40 1 -1 17
635 +255 9,676 46.20 90.8 0.088 -10.77 Call Writing 10,300 No Conclusion 0.00 0.000 0.0 1400.00 1 +0 18
78 -6 1,070 40.80 89.7 0.080 -9.91 Call Long Covering 10,350 Short Cover -15.54 -0.867 110.1 2027.70 2 -1 25
462 +142 5,994 40.60 91.1 0.079 -9.93 Call Writing 10,400 No Conclusion 0.00 0.000 0.0 1222.80 0 +0 12
94 -58 819 40.00 92.3 0.077 -9.89 Call Long Covering 10,450 No Conclusion 0.00 0.000 0.0 1428.20 0 +0 39
4,225 -34 36,060 37.30 92.4 0.073 -9.45 Call Long Covering 10,500 Short Cover -27.21 -0.807 144.1 2270.40 255 -142 335
78 -59 432 35.70 93.0 0.070 -9.20 Call Long Covering 10,550 No Conclusion 0.00 0.000 0.0 1499.10 0 +0 0
361 +46 3,351 34.10 93.5 0.067 -8.95 Call Writing 10,600 No Conclusion 0.00 0.000 0.0 1446.20 0 +0 40
21 -5 53 26.80 90.4 0.056 -7.51 Call Long Covering 10,650 No Conclusion 0.00 0.000 0.0 1593.90 0 +0 0
325 -36 3,296 32.80 95.7 0.063 -8.79 Call Long Covering 10,700 No Conclusion 0.00 0.000 0.0 1442.50 0 +0 28
16 +1 22 31.00 95.9 0.060 -8.47 Call Writing 10,750 No Conclusion 0.00 0.000 0.0 1689.50 0 +0 0
471 +142 3,184 29.80 96.5 0.058 -8.26 Call Writing 10,800 No Conclusion 0.00 0.000 0.0 1737.60 0 +0 1
22 -11 70 26.10 95.4 0.052 -7.51 Call Long Covering 10,850 No Conclusion 0.00 0.000 0.0 1785.90 0 +0 0
194 +10 1,930 25.00 95.9 0.050 -7.31 Call Writing 10,900 No Conclusion 0.00 0.000 0.0 1834.40 0 +0 0
74 +1 254 26.40 98.3 0.051 -7.65 Call Writing 10,950 No Conclusion 0.00 0.000 0.0 1883.00 0 +0 0
5,932 +899 32,859 25.40 98.9 0.049 -7.46 Call Writing 11,000 No Conclusion 0.00 0.000 0.0 1931.70 0 +0 1
110 +28 217 23.50 98.7 0.046 -7.07 Call Writing 11,050 No Conclusion 0.00 0.000 0.0 1980.60 0 +0 0
161 +7 1,150 24.00 100.4 0.046 -7.21 Call Writing 11,100 No Conclusion 0.00 0.000 0.0 2029.60 0 +0 0
13 +0 0 60.50 123.3 0.087 -14.43 No Conclusion 11,150 No Conclusion 0.00 0.000 0.0 2078.60 0 +0 0
241 +67 946 23.40 102.5 0.045 -7.13 Call Writing 11,200 No Conclusion 0.00 0.000 0.0 2127.80 0 +0 0
10 +0 0 55.50 123.7 0.081 -13.67 No Conclusion 11,250 No Conclusion 0.00 0.000 0.0 2177.00 0 +0 0
274 -4 1,533 22.00 103.8 0.042 -6.86 Call Long Covering 11,300 No Conclusion 0.00 0.000 0.0 2226.30 0 +0 0
6 +0 0 44.80 120.7 0.069 -11.77 No Conclusion 11,350 No Conclusion 0.00 0.000 0.0 2275.70 0 +0 0
229 +58 618 20.30 104.8 0.039 -6.49 Call Writing 11,400 No Conclusion 0.00 0.000 0.0 2325.10 0 +0 0
4,220 +977 15,062 17.10 104.1 0.034 -5.73 Call Writing 11,500 No Conclusion 0.00 0.000 0.0 2424.10 0 +0 0
1 -1 1 30.00 116.3 0.050 -8.85 Short Cover 11,550 No Conclusion 0.00 0.000 0.0 2300.00 0 +0 14
14 +3 9 10.20 98.1 0.022 -3.84 Call Writing 11,600 No Conclusion 0.00 0.000 0.0 2523.20 0 +0 6
0 +0 0 1.60 78.7 0.005 -0.85 No Conclusion 11,650 No Conclusion 0.00 0.000 0.0 2572.90 0 +0 7
12 +0 0 1.40 78.5 0.004 -0.76 No Conclusion 11,700 No Conclusion 0.00 0.000 0.0 2622.50 0 +0 5
0 +0 0 1.20 78.2 0.004 -0.67 No Conclusion 11,750 No Conclusion 0.00 0.000 0.0 2672.20 0 +0 10
5 +0 0 37.20 127.5 0.056 -10.60 No Conclusion 11,800 No Conclusion 0.00 0.000 0.0 2721.90 0 +0 0
5,325 -184 14,176 11.70 108.8 0.023 -4.38 Call Long Covering 12,000 No Conclusion 0.00 0.000 0.0 2753.10 0 +0 25
1,152 -935 5,582 10.30 116.9 0.019 -4.06 Call Long Covering 12,500 No Conclusion 0.00 0.000 0.0 3419.10 0 +0 0
2 +0 0 0.10 74.7 0.000 -0.08 No Conclusion 12,550 No Conclusion 0.00 0.000 0.0 3469.00 0 +0 0
2,123 -1,026 6,079 8.80 123.7 0.016 -3.66 Call Long Covering 13,000 No Conclusion 0.00 0.000 0.0 4527.80 1 +0 1
439 +44 267 10.30 127.3 0.018 -4.16 Call Writing 13,050 No Conclusion 0.00 0.000 0.0 3967.60 0 +0 0
33 +0 0 12.60 131.9 0.021 -4.90 No Conclusion 13,100 No Conclusion 0.00 0.000 0.0 4017.50 0 +0 0
17 +0 0 25.00 147.7 0.035 -8.42 No Conclusion 13,150 No Conclusion 0.00 0.000 0.0 4067.30 0 +0 0
21 +0 1 15.00 137.2 0.024 -5.65 No Conclusion 13,200 No Conclusion 0.00 0.000 0.0 4117.20 0 +0 0
6 +0 0 0.10 84.6 0.000 -0.08 No Conclusion 13,300 No Conclusion 0.00 0.000 0.0 4216.90 0 +0 0
2 +0 5 11.60 135.0 0.019 -4.63 No Conclusion 13,350 No Conclusion 0.00 0.000 0.0 4266.80 0 +0 0
170 +59 661 9.00 133.0 0.015 -3.79 Call Writing 13,500 No Conclusion 0.00 0.000 0.0 4416.40 0 +0 0

Last updated 04 Nov 2026, 23:57 IST — market closed.

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What does the OI concentration at 8,400 mean? Is the PCR signalling a reversal? Where is smart money positioned today?

TradePulse AI analyses live Crude Oil option chain data and answers in plain language — available on all paid plans.

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How to read the MCX crude oil option chain

Strike-by-strike open interest is the core of the chain: the strike with the heaviest call OI acts as a ceiling (writers defend it), and the heaviest put OI acts as a floor. Between them sits the expected trading range for the contract. The put-call ratio summarises sentiment in one number, and max pain marks the strike where option buyers collectively lose the most at expiry. For a deeper walkthrough of OI buildups, unwinding and what they signal on commodities, see the MCX option chain analysis guide.

Crude oil max pain today and expiry behaviour

The crude oil max pain strike shown above updates through the session as open interest shifts. In the final sessions before monthly expiry, price often gravitates toward this level as option writers hedge — the pull is strongest in quiet, range-bound weeks and breaks down on inventory surprises or OPEC+ headlines. Track the same data for other MCX contracts on the gold option chain and the commodities hub.

Frequently Asked Questions — Crude Oil Options

What is the MCX Crude Oil option chain?

The MCX Crude Oil option chain shows all call and put contracts for WTI Crude Oil futures traded on MCX. Lot size is 100 barrels. Prices are in rupees per barrel.

What are MCX Crude Oil trading hours?

MCX Crude Oil options trade from 09:00 to 23:30 IST on weekdays (23:55 when the US is on standard time), tracking international crude oil markets including the US NYMEX session.

How is MCX Crude Oil max pain calculated?

Max pain for Crude Oil options works the same as equity options — the strike where total option writer losses are minimised at expiry. The live crude oil max pain strike is shown at the top of this page and recalculates as open interest shifts.

When do MCX Crude Oil options expire?

Crude Oil options on MCX follow a monthly cycle and expire a few days before the underlying crude futures contract. As expiry approaches, open interest concentrates around the max pain zone and time decay accelerates.

What moves crude oil option prices on MCX?

MCX crude options track NYMEX WTI, so implied volatility responds to OPEC+ supply decisions, weekly EIA inventory data, geopolitical events and the USD-INR rate. IV on crude is typically higher than on index options, which makes premium richer.

Is there a smaller crude oil contract on MCX?

Yes. Crude Oil Mini has a 10-barrel lot size (versus 100 barrels for the main contract), making it accessible for smaller accounts. The option chain on this page covers the main 100-barrel contract, which carries the bulk of open interest.

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The complete option chain table — OI, IV, Delta, Theta, PCR, Max Pain — is free for all visitors. Paid subscribers unlock AI analysis, anomaly detection, OI heatmaps, and the full suite of trading signals across all instruments. See pricing →

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