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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹8,930
PCR 0.96
Max Pain 9,000
ATM Strike 8,950
Updated 23:56:44 IST
15 Oct  (nearest) 17 Nov
CALLS STRIKE PUTS
OI ΔOI Vol LTP IV% Δ Θ Buildup Strike Buildup Θ Δ IV% LTP Vol ΔOI OI
0 +0 0 4152.80 281.7 0.918 -29.39 No Conclusion 5,000 Put Long Covering -2.45 -0.009 144.8 8.10 1,985 -171 740
0 +0 0 3654.50 245.1 0.906 -28.52 No Conclusion 5,500 Put Long Covering -2.62 -0.012 125.3 9.10 2,996 -29 442
0 +0 0 3156.20 211.5 0.891 -27.46 No Conclusion 6,000 Put Long Covering -3.18 -0.018 109.9 12.10 4,453 -21 1,126
35 +0 1 2400.70 0.0 0.000 0.00 No Conclusion 6,500 Put Long Covering -3.94 -0.027 95.6 16.80 8,350 -671 1,542
0 +0 0 2359.50 162.1 0.860 -25.30 No Conclusion 6,800 No Conclusion -7.97 -0.058 102.7 44.80 2 +0 4
538 -1 44 1923.00 0.0 0.000 0.00 Short Cover 7,000 Put Writing -5.87 -0.050 86.3 30.70 28,405 +2,155 8,135
0 +0 0 2111.60 147.7 0.847 -24.53 No Conclusion 7,050 No Conclusion -5.87 -0.051 84.4 31.00 23 +0 31
0 +0 0 2062.20 144.9 0.844 -24.38 No Conclusion 7,100 Put Writing -6.70 -0.059 85.9 37.40 1,826 +18 422
0 +0 0 1963.60 139.4 0.838 -24.08 No Conclusion 7,200 Put Writing -7.31 -0.067 84.5 43.10 1,958 +19 278
0 +0 0 1865.50 134.0 0.831 -23.78 No Conclusion 7,300 Put Long Covering -8.31 -0.080 84.5 52.70 2,669 -29 386
0 +0 0 1768.00 128.8 0.824 -23.51 No Conclusion 7,400 Put Writing -9.06 -0.091 83.4 61.00 2,816 +54 296
0 +0 0 1719.50 126.2 0.820 -23.37 No Conclusion 7,450 Put Buying -9.56 -0.098 83.2 66.80 26 +6 9
182 +0 6 1759.10 143.3 0.791 -28.75 No Conclusion 7,500 Put Writing -9.49 -0.101 81.1 67.00 40,192 +551 5,125
0 +0 0 1623.10 121.2 0.811 -23.12 No Conclusion 7,550 Put Writing -9.96 -0.109 80.8 73.00 1,557 +68 144
0 +0 0 1575.30 118.8 0.807 -23.01 No Conclusion 7,600 Put Writing -10.45 -0.117 80.6 79.40 6,724 +41 433
0 +0 0 1527.80 116.4 0.802 -22.90 No Conclusion 7,650 Put Buying -11.71 -0.132 83.0 95.20 86 +18 18
0 +0 0 1480.60 114.1 0.797 -22.81 No Conclusion 7,700 Put Writing -11.21 -0.132 79.4 91.00 10,613 +144 543
0 +0 0 1433.70 111.9 0.791 -22.71 No Conclusion 7,750 Put Writing -12.04 -0.144 80.3 102.90 1,824 +41 98
0 +0 0 1387.20 109.7 0.785 -22.63 No Conclusion 7,800 Put Writing -12.11 -0.150 78.6 105.90 13,170 +68 444
1 +0 1 1300.00 98.8 0.794 -20.06 No Conclusion 7,850 Put Writing -12.33 -0.158 77.5 111.00 3,026 +16 166
0 +0 0 1295.40 105.5 0.773 -22.49 No Conclusion 7,900 Put Writing -12.98 -0.170 77.8 122.40 13,281 +80 538
14 +0 0 1250.30 103.5 0.766 -22.44 No Conclusion 7,950 Put Writing -13.47 -0.181 77.7 132.40 4,515 +7 165
485 +3 362 1047.00 67.1 0.837 -12.34 Call Writing 8,000 Put Writing -13.83 -0.191 77.1 141.00 86,040 +720 7,627
12 +0 2 1173.20 101.9 0.747 -23.00 No Conclusion 8,050 Put Writing -13.98 -0.201 75.8 147.20 3,975 +17 189
30 +10 69 985.10 70.9 0.799 -14.56 Call Buying 8,100 Put Writing -14.64 -0.215 76.3 161.90 16,122 +89 628
3 +1 2 1090.60 99.1 0.729 -23.12 Call Buying 8,150 Put Writing -15.07 -0.227 76.1 174.10 4,142 +39 184
39 -2 4 1187.30 122.2 0.693 -29.88 Short Cover 8,200 Put Writing -15.34 -0.239 75.4 184.30 18,432 +24 600
24 -3 6 911.80 78.2 0.741 -18.14 Call Long Covering 8,250 Put Long Covering -15.53 -0.251 74.4 193.90 4,917 -25 142
41 +5 53 852.00 73.4 0.737 -17.22 Call Buying 8,300 Put Long Covering -16.15 -0.267 75.0 212.20 19,788 -27 658
33 +0 0 910.40 90.0 0.694 -22.27 No Conclusion 8,350 Put Long Covering -16.31 -0.280 74.1 223.20 5,072 -21 325
61 -5 670 760.00 68.9 0.716 -16.81 Call Long Covering 8,400 Put Long Covering -16.64 -0.294 73.9 238.60 19,551 -36 758
22 -1 4 700.40 64.2 0.710 -15.87 Call Long Covering 8,450 Put Writing -16.94 -0.309 73.6 254.80 5,309 +1 248
1,789 +27 4,045 699.60 69.8 0.681 -17.80 Call Buying 8,500 Put Writing -17.28 -0.325 73.6 273.00 94,433 +301 6,907
46 -4 107 659.10 68.2 0.667 -17.70 Call Long Covering 8,550 Put Writing -17.52 -0.341 73.4 290.60 6,317 +8 620
461 -49 2,541 641.90 70.4 0.647 -18.61 Short Cover 8,600 Put Writing -17.74 -0.357 73.1 309.00 23,475 +94 1,906
52 -11 492 613.70 70.6 0.629 -18.92 Short Cover 8,650 Put Writing -17.61 -0.372 71.7 321.20 9,290 +42 780
779 -21 4,251 580.80 69.9 0.613 -18.96 Short Cover 8,700 Put Writing -18.13 -0.390 72.8 349.60 31,120 +159 2,514
104 -13 1,852 553.80 70.0 0.595 -19.18 Short Cover 8,750 Put Long Covering -18.27 -0.406 72.7 371.10 10,565 -4 501
825 -249 15,036 522.60 69.3 0.578 -19.15 Call Long Covering 8,800 Put Writing -18.35 -0.423 72.4 392.80 50,715 +500 2,917
184 -92 7,743 493.10 68.7 0.561 -19.12 Call Long Covering 8,850 Put Writing -18.47 -0.440 72.5 417.20 15,848 +168 522
1,365 +123 29,354 469.20 68.9 0.543 -19.25 Call Writing 8,900 Put Writing -18.66 -0.457 72.9 444.90 49,802 +608 2,409
438 +42 14,628 445.10 68.9 0.525 -19.30 Call Writing 8,950 Put Writing -18.58 -0.474 72.5 468.00 18,293 +283 533
4,416 +475 108,058 424.80 69.4 0.507 -19.43 Call Buying 9,000 Put Writing -18.60 -0.491 72.5 495.00 131,540 +2,002 7,906
659 +106 27,861 400.00 69.0 0.490 -19.30 Call Writing 9,050 Put Writing -18.46 -0.508 72.1 520.00 26,456 +179 372
2,247 +804 77,421 377.00 68.8 0.472 -19.17 Call Writing 9,100 Put Writing -18.59 -0.524 72.9 553.00 64,951 +996 1,666
858 +554 28,327 358.30 69.1 0.455 -19.16 Call Writing 9,150 Put Writing -18.37 -0.541 72.4 579.10 22,012 +166 270
3,169 +1,833 104,694 338.70 69.1 0.438 -19.03 Call Writing 9,200 Put Writing -18.47 -0.556 73.2 614.50 68,604 +568 1,160
1,169 +688 30,313 325.00 70.0 0.422 -19.10 Call Buying 9,250 Put Writing -18.09 -0.574 72.5 640.20 15,976 +152 201
2,467 +1,343 61,571 302.50 69.3 0.404 -18.71 Call Writing 9,300 Put Writing -18.04 -0.589 73.0 675.00 27,021 +323 547
646 +341 15,307 287.00 69.6 0.388 -18.57 Call Writing 9,350 Put Writing -17.93 -0.603 73.3 709.50 2,907 +102 131
1,103 +427 32,087 270.00 69.5 0.372 -18.30 Call Writing 9,400 Put Buying -19.13 -0.608 78.3 773.20 4,695 +41 147
353 +152 8,525 255.10 69.7 0.357 -18.07 Call Writing 9,450 Put Writing -18.08 -0.628 75.6 790.00 443 +8 26
7,085 +1,746 88,947 240.50 69.8 0.342 -17.79 Call Writing 9,500 Put Writing -17.03 -0.649 73.1 809.00 6,153 +28 1,002
145 +34 6,983 226.10 69.8 0.327 -17.47 Call Writing 9,550 No Conclusion -18.51 -0.648 79.0 879.30 0 +0 5
1,091 +424 27,294 213.20 69.9 0.312 -17.17 Call Writing 9,600 Put Long Covering -16.36 -0.678 73.0 879.80 539 -2 96
216 +99 5,982 206.10 71.0 0.301 -17.14 Call Buying 9,650 Put Long Covering 0.00 0.000 0.0 641.70 20 -2 19
995 +568 26,449 188.90 70.1 0.285 -16.49 Call Writing 9,700 Put Writing -15.55 -0.707 72.8 952.00 323 +16 90
184 +29 5,943 177.70 70.2 0.272 -16.13 Call Writing 9,750 No Conclusion 0.00 0.000 0.0 754.60 0 +0 9
1,326 +434 34,236 170.00 70.9 0.261 -15.94 Call Writing 9,800 Short Cover -16.37 -0.717 77.8 1055.00 49 -12 31
130 +33 5,645 156.60 70.4 0.246 -15.34 Call Writing 9,850 Put Long Covering 1.77 -0.999 17.6 898.10 2 -1 13
612 +114 19,284 150.00 71.1 0.236 -15.15 Call Writing 9,900 Short Cover -6.42 -0.851 51.2 1009.30 21 -5 58
275 +185 6,808 142.10 71.5 0.226 -14.83 Call Buying 9,950 Put Buying 0.00 0.000 0.0 949.60 2 +1 5
8,540 +2,413 113,906 133.00 71.5 0.214 -14.40 Call Writing 10,000 Put Long Covering -14.19 -0.768 76.3 1203.90 588 -10 625
162 +75 4,817 126.70 72.0 0.205 -14.13 Call Buying 10,050 No Conclusion 0.00 0.000 0.0 988.10 0 +0 0
327 +83 11,457 113.10 70.8 0.190 -13.25 Call Writing 10,100 No Conclusion -3.12 -0.916 46.8 1175.50 9 +0 41
147 +39 3,555 109.20 71.6 0.183 -13.10 Call Writing 10,150 No Conclusion 0.00 0.000 0.0 1071.10 0 +0 0
572 +77 11,032 103.00 71.9 0.174 -12.74 Call Writing 10,200 No Conclusion 0.00 0.000 0.0 1113.50 0 +0 0
89 +61 1,381 97.00 72.1 0.166 -12.37 Call Writing 10,250 No Conclusion 0.00 0.000 0.0 1156.30 0 +0 0
553 +190 8,211 91.10 72.3 0.157 -11.98 Call Writing 10,300 No Conclusion 0.00 0.000 0.0 1199.70 0 +0 0
47 +35 1,097 86.20 72.7 0.150 -11.65 Call Writing 10,350 No Conclusion 0.00 0.000 0.0 1243.60 0 +0 0
439 +67 8,162 81.20 72.9 0.142 -11.29 Call Writing 10,400 No Conclusion 0.00 0.000 0.0 1287.80 0 +0 0
68 +56 596 77.10 73.3 0.136 -10.99 Call Writing 10,450 No Conclusion 0.00 0.000 0.0 1332.50 0 +0 0
4,879 +1,445 54,050 73.60 73.8 0.130 -10.74 Call Writing 10,500 Put Long Covering 0.00 0.000 0.0 1470.20 4 -2 4
25 +19 205 68.40 73.8 0.122 -10.29 Call Writing 10,550 No Conclusion 0.00 0.000 0.0 1423.10 0 +0 0
308 +102 7,003 66.90 74.8 0.119 -10.22 Call Writing 10,600 No Conclusion 0.00 0.000 0.0 1468.90 0 +0 0
4 -1 1 85.10 81.6 0.136 -12.20 No Conclusion 10,650 No Conclusion 0.00 0.000 0.0 1515.00 0 +0 0
442 +104 5,519 59.30 75.2 0.107 -9.53 Call Writing 10,700 No Conclusion 0.00 0.000 0.0 1561.50 0 +0 0
5 +3 11 75.80 81.8 0.123 -11.43 Call Writing 10,750 No Conclusion 0.00 0.000 0.0 1608.20 0 +0 0
401 +173 6,546 55.00 76.5 0.099 -9.16 Call Writing 10,800 No Conclusion 0.00 0.000 0.0 1655.10 0 +0 0
256 +147 3,690 50.80 77.6 0.092 -8.77 Call Writing 10,900 No Conclusion 0.00 0.000 0.0 1749.80 0 +0 0
5 +2 6 32.20 71.1 0.067 -6.32 Call Writing 10,950 No Conclusion 0.00 0.000 0.0 1797.40 0 +0 0
4,997 +1,060 41,492 43.60 77.4 0.081 -7.95 Call Writing 11,000 Put Buying -25.25 -0.771 132.0 2299.50 2 +1 2
153 +98 2,732 40.90 78.8 0.076 -7.68 Call Writing 11,100 No Conclusion 0.00 0.000 0.0 1941.50 0 +0 0
13 +1 1 42.10 80.5 0.076 -7.89 Call Writing 11,150 No Conclusion 0.00 0.000 0.0 1989.80 0 +0 0
30 +30 129 39.50 80.6 0.072 -7.57 Call Buying 11,200 No Conclusion 0.00 0.000 0.0 2038.20 0 +0 0
10 +0 0 44.40 84.0 0.077 -8.30 No Conclusion 11,250 No Conclusion 0.00 0.000 0.0 2086.80 0 +0 0
1 +1 2 38.20 82.4 0.069 -7.47 Call Writing 11,300 No Conclusion 0.00 0.000 0.0 2135.50 0 +0 0
12 +6 10 35.30 82.2 0.064 -7.08 Call Writing 11,350 No Conclusion 0.00 0.000 0.0 2184.40 0 +0 0
1,819 +466 16,245 27.10 81.2 0.052 -5.89 Call Writing 11,500 No Conclusion 0.00 0.000 0.0 2331.40 0 +0 0
16 +0 0 5.60 63.7 0.016 -1.73 No Conclusion 11,550 No Conclusion 0.00 0.000 0.0 2380.50 0 +0 0
1 +1 12 32.00 89.5 0.055 -6.82 Call Buying 11,750 No Conclusion 0.00 0.000 0.0 2577.70 0 +0 0
3,702 +1,702 17,271 17.50 85.0 0.034 -4.38 Call Writing 12,000 No Conclusion 0.00 0.000 0.0 2825.30 0 +0 0
1,270 +366 9,163 14.60 91.8 0.027 -3.92 Call Writing 12,500 No Conclusion 0.00 0.000 0.0 3322.20 0 +0 0
1,730 -75 8,160 12.60 98.3 0.022 -3.58 Short Cover 13,000 No Conclusion 0.00 0.000 0.0 3820.10 0 +0 0
1,162 +422 5,403 11.00 104.4 0.019 -3.29 Call Buying 13,500 No Conclusion 0.00 0.000 0.0 4318.30 0 +0 0

Last updated 28 Sep 2026, 23:56 IST — market closed.

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What does the OI concentration at 8,950 mean? Is the PCR signalling a reversal? Where is smart money positioned today?

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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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