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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹7,125
PCR 0.53
Max Pain 7,500
ATM Strike 7,100
Updated 23:56:43 IST
17 Aug  (nearest) 17 Sep
CALLS STRIKE PUTS
OI ΔOI Vol LTP IV% Δ Θ Buildup Strike Buildup Θ Δ IV% LTP Vol ΔOI OI
0 +0 0 4833.70 7.5 0.919 -74.71 No Conclusion 2,800 Put Buying -1.84 -0.004 253.7 3.40 601 +86 423
0 +0 0 4384.70 6.5 0.903 -74.12 No Conclusion 3,250 No Conclusion -3.49 -0.008 238.7 7.60 1 +0 4
0 +0 0 3636.50 5.2 0.873 -71.42 No Conclusion 4,000 No Conclusion -2.04 -0.007 166.3 4.10 0 +0 3
0 +0 0 3137.70 440.8 0.849 -68.58 No Conclusion 4,500 No Conclusion -2.50 -0.010 140.7 5.50 0 +0 11
0 +0 0 2788.50 392.9 0.830 -66.11 No Conclusion 4,850 No Conclusion -0.08 -0.000 79.9 0.10 0 +0 2
0 +0 0 2638.90 373.3 0.821 -64.92 No Conclusion 5,000 Put Writing -2.71 -0.014 114.1 6.40 1,905 +140 776
0 +0 0 2141.10 311.6 0.787 -60.41 No Conclusion 5,500 Put Writing -2.96 -0.021 89.5 7.70 5,910 +56 1,827
0 +0 0 1795.60 271.5 0.757 -56.77 No Conclusion 5,850 No Conclusion -1.93 -0.018 65.8 4.80 0 +0 1
0 +0 0 1746.80 266.0 0.752 -56.23 No Conclusion 5,900 Put Writing -4.80 -0.045 78.3 15.80 2,381 +74 478
0 +0 0 1698.10 260.6 0.747 -55.68 No Conclusion 5,950 No Conclusion -10.68 -0.093 98.4 48.00 0 +0 1
80 +0 54 1111.40 0.0 0.000 0.00 No Conclusion 6,000 Put Long Covering -5.00 -0.051 73.9 17.20 27,247 -3,112 1,827
0 +0 0 1601.40 250.0 0.736 -54.59 No Conclusion 6,050 No Conclusion -6.34 -0.065 76.6 24.10 0 +0 6
0 +0 0 1553.40 244.8 0.730 -54.03 No Conclusion 6,100 Put Writing -5.91 -0.064 72.3 22.30 5,799 +44 323
0 +0 0 1505.70 239.7 0.725 -53.48 No Conclusion 6,150 Put Writing -6.32 -0.072 71.2 24.90 2,203 +59 209
0 +0 0 1458.30 234.7 0.719 -52.93 No Conclusion 6,200 Put Writing -6.60 -0.078 69.5 27.00 8,827 +196 1,158
0 +0 0 1411.30 229.8 0.712 -52.38 No Conclusion 6,250 Put Writing -7.17 -0.088 68.9 31.00 3,710 +11 287
0 +0 0 1364.60 224.9 0.706 -51.82 No Conclusion 6,300 Put Writing -7.68 -0.099 68.0 35.00 12,640 +180 1,080
0 +0 0 1318.40 220.2 0.699 -51.28 No Conclusion 6,350 Put Writing -8.48 -0.114 68.1 41.40 4,038 +88 169
2 +1 6 731.90 0.0 0.000 0.00 Call Writing 6,400 Put Long Covering -9.30 -0.130 68.2 48.70 20,790 -530 1,414
1 +0 0 1227.30 211.1 0.684 -50.18 No Conclusion 6,450 Put Writing -10.24 -0.148 68.6 57.80 6,930 +99 201
459 +111 835 680.00 59.9 0.864 -9.65 Call Buying 6,500 Put Writing -10.68 -0.162 67.4 63.70 110,634 +2,003 12,587
0 +0 0 1138.40 202.4 0.668 -49.10 No Conclusion 6,550 Put Long Covering -11.50 -0.182 67.4 73.80 9,679 -13 310
6 -2 4 610.00 64.1 0.808 -12.53 Call Long Covering 6,600 Put Writing -12.34 -0.203 67.7 85.50 32,753 +645 1,698
1 +0 0 1051.90 194.1 0.651 -48.02 No Conclusion 6,650 Put Writing -13.05 -0.225 67.5 97.30 12,813 +86 338
18 +7 30 527.50 62.0 0.768 -13.40 Call Writing 6,700 Put Writing -13.86 -0.249 67.9 112.00 42,678 +542 2,316
1 +0 0 968.20 186.4 0.633 -46.96 No Conclusion 6,750 Put Writing -14.47 -0.273 67.8 126.20 10,565 +60 268
107 +103 1,733 457.90 62.4 0.715 -14.84 Call Buying 6,800 Put Long Covering -15.32 -0.300 68.7 145.50 45,685 -47 1,973
3 +0 0 560.10 97.5 0.639 -24.83 No Conclusion 6,850 Put Writing -15.98 -0.326 69.2 164.80 14,853 +104 367
146 +120 5,107 399.00 64.1 0.656 -16.35 Call Buying 6,900 Put Writing -16.39 -0.352 69.0 183.00 45,538 +774 1,761
60 +53 558 370.20 64.4 0.627 -16.85 Call Buying 6,950 Put Writing -16.86 -0.379 69.4 204.60 18,096 +56 493
2,892 +1,542 38,550 350.00 66.5 0.596 -17.72 Call Buying 7,000 Put Long Covering -17.27 -0.406 69.8 228.00 189,013 -777 8,651
159 +129 7,299 325.00 67.0 0.568 -18.08 Call Buying 7,050 Put Writing -17.74 -0.433 70.8 255.00 26,189 +187 924
2,640 +2,334 57,955 304.00 68.2 0.540 -18.50 Call Buying 7,100 Put Writing -18.03 -0.460 71.4 282.00 106,390 +2,718 4,628
689 +557 34,073 283.00 68.9 0.512 -18.76 Call Buying 7,150 Put Writing -18.20 -0.486 71.9 309.70 51,130 +216 776
4,091 +2,154 118,023 262.70 69.5 0.486 -18.88 Call Buying 7,200 Put Writing -18.16 -0.512 71.9 336.80 147,009 +874 4,430
1,239 +372 47,138 242.80 69.9 0.459 -18.87 Call Buying 7,250 Put Writing -18.67 -0.536 74.2 374.90 47,195 +3,568 4,438
4,218 +584 117,546 225.60 70.7 0.434 -18.88 Call Buying 7,300 Put Long Covering -18.55 -0.560 74.5 405.50 74,363 -799 2,258
859 +146 20,960 210.00 71.5 0.410 -18.84 Call Buying 7,350 Put Long Covering -18.34 -0.584 74.6 436.90 9,798 -240 164
4,727 +914 64,302 194.50 72.1 0.387 -18.68 Call Buying 7,400 Put Long Covering -18.31 -0.606 75.7 473.00 18,005 -1,149 1,477
864 -123 12,686 178.90 72.4 0.364 -18.37 Short Cover 7,450 Put Long Covering -17.90 -0.629 75.6 505.50 1,398 -69 80
8,231 +1,154 103,985 166.00 73.1 0.342 -18.13 Call Buying 7,500 Put Long Covering -17.65 -0.650 76.2 542.00 20,791 -571 4,213
8,233 +7,693 7,518 154.30 73.9 0.322 -17.87 Call Buying 7,550 Put Writing -17.17 -0.671 76.2 577.00 359 +638 807
3,916 +59 39,772 142.50 74.4 0.302 -17.49 Call Buying 7,600 Put Long Covering -17.30 -0.686 78.4 621.00 4,623 -447 982
973 -72 9,743 133.50 75.4 0.285 -17.24 Short Cover 7,650 Short Cover -17.70 -0.697 81.5 669.10 275 -73 51
4,521 -41 37,055 123.00 75.8 0.267 -16.78 Short Cover 7,700 Put Long Covering -16.78 -0.719 80.4 702.50 1,927 -420 728
904 -63 8,272 116.00 77.1 0.252 -16.54 Short Cover 7,750 Short Cover -16.72 -0.732 82.1 746.70 93 -36 57
4,691 -162 37,974 103.60 76.5 0.233 -15.70 Short Cover 7,800 Put Long Covering -15.57 -0.754 80.5 780.20 1,307 -265 593
736 -188 7,477 98.20 77.8 0.220 -15.48 Short Cover 7,850 Short Cover -16.90 -0.752 86.5 839.80 49 -8 60
2,893 -80 24,646 91.70 78.6 0.207 -15.09 Short Cover 7,900 Put Long Covering -15.81 -0.772 85.2 875.30 266 -36 1,165
418 +84 5,795 84.90 79.2 0.194 -14.60 Call Buying 7,950 Short Cover -13.10 -0.806 79.1 897.90 4 -2 39
14,060 +2,461 102,944 78.90 79.9 0.182 -14.14 Call Buying 8,000 Put Long Covering -12.87 -0.816 80.5 943.80 2,137 -335 2,658
705 +61 5,187 76.10 81.5 0.174 -14.02 Call Buying 8,050 No Conclusion -3.11 -0.933 52.9 928.90 0 +0 41
2,812 -76 22,333 69.90 81.8 0.162 -13.44 Short Cover 8,100 Short Cover -15.17 -0.808 91.3 1058.80 213 -64 489
724 +3 5,292 66.60 83.1 0.154 -13.19 Call Buying 8,150 Short Cover -13.08 -0.833 87.2 1090.00 13 -7 18
4,244 -658 27,914 59.00 82.4 0.140 -12.30 Call Long Covering 8,200 Short Cover -13.81 -0.832 91.3 1144.00 76 -29 293
796 +38 5,522 57.30 84.1 0.135 -12.21 Call Buying 8,250 Put Long Covering 0.00 0.000 0.0 1076.50 4 -2 22
2,969 +299 19,237 53.20 84.7 0.126 -11.73 Call Buying 8,300 Short Cover -8.74 -0.887 80.3 1206.80 5 -3 119
364 +47 3,639 49.40 85.2 0.118 -11.27 Call Writing 8,350 No Conclusion 0.00 0.000 0.0 919.20 0 +0 51
1,095 -61 9,980 46.70 86.1 0.112 -10.95 Short Cover 8,400 Short Cover -14.06 -0.849 99.8 1340.00 12 -10 160
1,215 -6 2,343 42.30 86.0 0.103 -10.31 Call Long Covering 8,450 No Conclusion 0.00 0.000 0.0 1250.50 0 +0 1,217
7,518 -1,065 40,092 40.00 87.0 0.098 -10.01 Call Long Covering 8,500 Put Writing -11.80 -0.874 97.0 1422.50 141 +7,995 8,691
356 +20 2,165 37.10 87.4 0.091 -9.57 Call Writing 8,550 Short Cover 0.00 0.000 0.0 1357.30 6 -6 34
2,119 +767 6,547 36.40 89.0 0.088 -9.52 Call Writing 8,600 No Conclusion -13.38 -0.869 105.4 1530.90 6 +0 207
229 -5 594 36.60 91.2 0.087 -9.65 Short Cover 8,650 Short Cover -10.96 -0.890 100.1 1565.00 3 -3 25
1,970 -152 5,699 33.70 91.4 0.081 -9.16 Call Long Covering 8,700 Put Long Covering -9.30 -0.905 96.9 1605.00 6 -6 316
283 -4 711 32.30 92.5 0.077 -8.95 Call Long Covering 8,750 Put Long Covering -9.99 -0.902 100.8 1658.20 11 -2 23
2,054 -129 4,991 30.80 93.4 0.074 -8.71 Call Long Covering 8,800 Put Writing 0.00 0.000 0.0 1590.00 17 +1 406
266 -37 842 30.00 94.8 0.071 -8.61 Short Cover 8,850 No Conclusion 0.00 0.000 0.0 1703.00 3 +0 38
2,434 -177 4,327 27.00 94.5 0.065 -8.02 Call Long Covering 8,900 Short Cover -7.68 -0.925 98.8 1794.90 32 -1 173
217 -64 496 28.50 97.4 0.067 -8.40 Short Cover 8,950 Put Long Covering 0.00 0.000 0.0 1727.80 24 -21 51
11,483 -562 36,237 26.00 97.3 0.062 -7.90 Short Cover 9,000 Put Long Covering -10.08 -0.911 109.8 1906.20 56 -31 631
218 -56 583 26.40 99.4 0.061 -8.04 Short Cover 9,050 Put Long Covering -0.20 -0.985 72.6 1915.60 3 -2 7
1,197 -76 2,167 23.20 98.6 0.056 -7.35 Call Long Covering 9,100 Put Long Covering 0.44 -0.990 69.3 1963.90 9 -7 64
151 +0 467 25.30 102.0 0.058 -7.89 No Conclusion 9,150 No Conclusion 0.00 0.000 0.0 1400.30 0 +0 24
908 -129 3,253 22.40 101.3 0.053 -7.24 Call Long Covering 9,200 No Conclusion 0.00 0.000 0.0 1583.40 0 +0 36
139 +2 176 22.40 103.0 0.052 -7.28 Call Buying 9,250 No Conclusion 0.00 0.000 0.0 1725.50 0 +0 2
606 -117 1,236 21.80 104.1 0.050 -7.17 Short Cover 9,300 No Conclusion 0.00 0.000 0.0 1677.60 0 +0 25
123 -26 161 20.50 104.5 0.048 -6.88 Short Cover 9,350 No Conclusion 0.00 0.000 0.0 1725.00 0 +0 0
364 +21 761 19.00 104.7 0.044 -6.53 Call Buying 9,400 No Conclusion 0.00 0.000 0.0 1835.60 0 +0 20
6 -4 11 17.40 104.6 0.041 -6.13 Call Long Covering 9,450 No Conclusion 0.00 0.000 0.0 1820.40 0 +0 0
5,381 -299 11,422 18.20 107.0 0.042 -6.38 Short Cover 9,500 Short Cover -9.58 -0.928 124.5 2400.00 4 -3 58
134 +5 43 18.60 109.0 0.042 -6.52 Call Buying 9,550 No Conclusion 0.00 0.000 0.0 1916.60 0 +0 7
362 -44 713 16.00 107.6 0.037 -5.83 Call Long Covering 9,600 No Conclusion 0.00 0.000 0.0 1964.90 0 +0 0
41 -9 31 16.50 109.7 0.038 -5.99 Call Long Covering 9,650 No Conclusion 0.00 0.000 0.0 2013.40 0 +0 0
633 +33 356 15.80 110.4 0.036 -5.82 Call Buying 9,700 No Conclusion 0.00 0.000 0.0 2062.00 0 +0 0
139 -6 75 15.40 111.4 0.035 -5.73 Call Long Covering 9,750 No Conclusion 0.00 0.000 0.0 2110.70 0 +0 0
531 -58 454 14.40 111.6 0.033 -5.46 Call Long Covering 9,800 No Conclusion 0.00 0.000 0.0 2159.50 0 +0 0
52 -5 8 14.30 112.9 0.033 -5.45 Short Cover 9,850 No Conclusion 0.00 0.000 0.0 2208.40 0 +0 0
721 +38 508 15.10 115.4 0.034 -5.71 Call Buying 9,900 No Conclusion 0.00 0.000 0.0 2257.40 0 +0 0
26 -1 2 12.00 112.6 0.028 -4.79 Short Cover 9,950 No Conclusion 0.00 0.000 0.0 2306.50 0 +0 0
9,906 +37 12,461 13.60 116.3 0.030 -5.30 Call Buying 10,000 Short Cover -12.42 -0.923 148.7 2910.20 2 -1 17
54 -4 70 13.30 117.2 0.029 -5.23 Call Long Covering 10,050 No Conclusion 0.00 0.000 0.0 2404.90 0 +0 0
303 +1 377 13.30 118.6 0.029 -5.25 Call Writing 10,100 No Conclusion 0.00 0.000 0.0 2454.20 0 +0 0
8 +0 0 32.00 140.0 0.055 -10.35 No Conclusion 10,150 No Conclusion 0.00 0.000 0.0 2503.60 0 +0 0
200 -70 266 12.90 120.8 0.028 -5.16 Call Long Covering 10,200 No Conclusion 0.00 0.000 0.0 2553.00 0 +0 0
18 -10 22 15.00 125.1 0.031 -5.83 Short Cover 10,250 No Conclusion 0.00 0.000 0.0 2602.50 0 +0 0
134 -15 476 13.40 124.2 0.028 -5.35 Short Cover 10,300 No Conclusion 0.00 0.000 0.0 2652.00 0 +0 0
21 +0 0 2.80 101.6 0.008 -1.52 No Conclusion 10,350 No Conclusion 0.00 0.000 0.0 2701.50 0 +0 0
65 -5 132 11.10 123.2 0.024 -4.64 Call Long Covering 10,400 No Conclusion 0.00 0.000 0.0 2751.10 0 +0 0
3,862 -470 3,869 10.50 124.7 0.023 -4.47 Short Cover 10,500 No Conclusion 0.00 0.000 0.0 2850.30 0 +0 0
1 -3 4 10.20 125.5 0.022 -4.38 Short Cover 10,550 No Conclusion 0.00 0.000 0.0 2900.00 0 +0 0
30 -3 15 10.00 126.4 0.021 -4.32 Call Long Covering 10,600 No Conclusion 0.00 0.000 0.0 2949.70 0 +0 0
4 +0 0 1.40 100.5 0.004 -0.86 No Conclusion 10,650 No Conclusion 0.00 0.000 0.0 2999.40 0 +0 0
335 -182 485 9.70 128.3 0.021 -4.24 Short Cover 10,700 No Conclusion 0.00 0.000 0.0 3049.10 0 +0 0
1 +0 0 16.90 142.2 0.031 -6.62 No Conclusion 10,800 No Conclusion 0.00 0.000 0.0 3148.60 0 +0 0
12 +0 0 13.40 138.3 0.026 -5.53 No Conclusion 10,850 No Conclusion 0.00 0.000 0.0 3198.40 0 +0 0
4,778 -301 3,791 8.50 133.0 0.018 -3.88 Call Long Covering 11,000 No Conclusion 0.00 0.000 0.0 3347.80 0 +0 0
2,453 -94 970 7.80 142.6 0.016 -3.70 Call Long Covering 11,500 No Conclusion 0.00 0.000 0.0 3846.20 0 +0 0
3,511 -451 2,246 5.90 147.9 0.012 -3.00 Call Long Covering 12,000 No Conclusion 0.00 0.000 0.0 4344.90 0 +0 0
1 +0 0 0.10 103.4 0.000 -0.09 No Conclusion 12,100 No Conclusion 0.00 0.000 0.0 4444.60 0 +0 0
1,685 +25 717 6.70 160.1 0.012 -3.39 Call Writing 12,500 No Conclusion 0.00 0.000 0.0 4843.70 0 +0 0
2,943 -97 1,598 5.80 166.6 0.011 -3.06 Call Long Covering 13,000 No Conclusion 0.00 0.000 0.0 5342.50 0 +0 0

Last updated 05 Aug 2026, 23:56 IST — market closed.

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What does the OI concentration at 7,100 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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