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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹7,878
PCR 1.11
Max Pain 7,900
ATM Strike 7,900
Updated 23:56:42 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
1 +0 3 5022.20 0.0 0.000 0.00 No Conclusion 2,800 Short Cover -1.94 -0.000 6.3 0.30 635 -55 855
0 +0 0 4674.10 10.0 0.976 -119.24 No Conclusion 3,250 No Conclusion -0.73 -0.000 496.9 0.10 0 +0 1
0 +0 0 3924.70 7.9 0.969 -116.19 No Conclusion 4,000 No Conclusion -0.72 -0.000 384.7 0.10 0 +0 3
0 +0 0 3425.20 6.7 0.963 -113.54 No Conclusion 4,500 No Conclusion -0.71 -0.000 320.8 0.10 0 +0 9
0 +0 0 3075.40 5.9 0.958 -110.99 No Conclusion 4,850 No Conclusion -0.70 -0.000 280.1 0.10 0 +0 2
1 +0 0 2852.80 0.0 0.000 0.00 No Conclusion 5,000 Short Cover -3.28 -0.002 305.2 0.60 659 -190 420
1 +0 0 2452.50 5.2 0.930 -145.46 No Conclusion 5,500 Put Buying -3.19 -0.002 245.5 0.60 1,098 +44 745
0 +0 0 2076.30 398.6 0.938 -101.67 No Conclusion 5,850 No Conclusion -0.67 -0.001 177.0 0.10 0 +0 1
0 +0 0 2026.30 389.5 0.937 -101.00 No Conclusion 5,900 Put Long Covering -2.66 -0.002 197.5 0.50 35 -19 179
0 +0 0 1976.40 380.6 0.936 -100.47 No Conclusion 5,950 No Conclusion -0.66 -0.001 167.6 0.10 1 +0 2
75 -3 4 1780.00 0.0 0.000 0.00 Short Cover 6,000 Put Long Covering -2.64 -0.002 187.0 0.50 2,397 -826 3,763
1 +0 0 1912.70 421.8 0.906 -148.16 No Conclusion 6,050 No Conclusion -16.78 -0.013 236.0 4.70 0 +0 8
2 +0 0 1856.60 403.0 0.908 -139.41 No Conclusion 6,100 Short Cover -7.65 -0.006 202.6 1.80 144 -28 128
1 +0 0 1802.00 386.5 0.909 -132.48 No Conclusion 6,150 Put Long Covering -5.45 -0.005 187.8 1.20 20 -12 84
1 +0 0 1751.30 375.9 0.907 -130.49 No Conclusion 6,200 Short Cover -4.66 -0.004 178.6 1.00 331 -163 254
1 +0 0 1702.40 368.0 0.904 -130.74 No Conclusion 6,250 Short Cover -8.55 -0.008 188.8 2.10 12 -1 71
0 +0 0 1664.30 374.8 0.894 -143.86 No Conclusion 6,300 Put Long Covering -6.45 -0.006 175.7 1.50 411 -78 580
2 +0 0 1600.40 346.2 0.901 -125.92 No Conclusion 6,350 Put Long Covering -2.56 -0.003 151.1 0.50 155 -48 100
1 +0 0 1558.10 347.2 0.893 -133.92 No Conclusion 6,400 Put Long Covering -5.30 -0.006 160.3 1.20 654 -96 722
1 +0 0 1423.40 0.0 0.000 0.00 No Conclusion 6,450 Put Long Covering -3.76 -0.004 148.1 0.80 585 -14 573
306 -19 34 1377.40 0.0 0.000 0.00 Short Cover 6,500 Put Writing -7.97 -0.009 159.2 2.00 6,341 +14 7,286
1 +0 0 1406.60 316.8 0.886 -128.05 No Conclusion 6,550 Put Long Covering -4.10 -0.005 139.6 0.90 235 -74 167
9 +0 0 1335.00 278.8 0.902 -100.89 No Conclusion 6,600 Short Cover -6.21 -0.008 142.7 1.50 1,789 -83 1,675
1 +0 0 1320.80 314.7 0.869 -140.42 No Conclusion 6,650 Put Long Covering -5.48 -0.007 134.9 1.30 401 -69 263
17 +0 0 1207.20 217.7 0.932 -60.62 No Conclusion 6,700 Short Cover -6.12 -0.008 131.9 1.50 2,434 -293 2,093
8 +0 0 1152.10 200.2 0.938 -51.89 No Conclusion 6,750 Short Cover -11.48 -0.016 140.7 3.30 936 -115 295
68 +0 12 966.00 0.0 0.000 0.00 No Conclusion 6,800 Put Long Covering -8.52 -0.012 128.2 2.30 4,427 -444 1,737
5 +0 0 1044.30 168.7 0.950 -37.54 No Conclusion 6,850 Put Long Covering -6.61 -0.010 117.7 1.70 701 -38 194
88 +0 3 944.80 0.0 0.000 0.00 No Conclusion 6,900 Put Long Covering -10.88 -0.017 122.7 3.20 4,541 -312 1,514
28 +0 0 816.00 0.0 0.000 0.00 No Conclusion 6,950 Put Long Covering -9.95 -0.017 115.3 2.90 1,212 -74 385
445 -139 554 882.10 109.1 0.983 -10.91 Short Cover 7,000 Put Long Covering -11.93 -0.021 113.7 3.70 28,775 -3,445 9,775
25 +0 0 870.50 181.7 0.890 -72.16 No Conclusion 7,050 Put Long Covering -12.52 -0.023 109.2 4.00 2,164 -184 664
368 +1 135 773.70 0.0 0.000 0.00 Call Buying 7,100 Put Long Covering -13.77 -0.027 105.8 4.60 13,168 -1,120 2,871
40 +0 42 679.00 0.0 0.000 0.00 No Conclusion 7,150 Put Writing -14.90 -0.031 101.9 5.20 6,010 +88 1,675
459 -6 824 686.80 102.6 0.957 -20.68 Short Cover 7,200 Put Long Covering -12.43 -0.028 92.3 4.20 31,232 -643 6,727
24 -1 9 618.70 0.0 0.000 0.00 Short Cover 7,250 Put Writing -17.26 -0.042 93.8 6.60 10,369 +31 1,087
599 -44 924 585.00 84.9 0.960 -16.41 Short Cover 7,300 Put Long Covering -19.54 -0.051 90.9 8.00 48,786 -1,074 4,683
43 -4 53 536.70 82.9 0.949 -19.29 Short Cover 7,350 Put Writing -24.48 -0.067 90.9 11.20 17,041 +639 2,035
362 -60 4,425 485.60 73.8 0.951 -16.84 Short Cover 7,400 Put Long Covering -27.29 -0.081 87.9 13.50 68,120 -925 4,095
67 -1 938 435.40 67.0 0.948 -16.04 Short Cover 7,450 Put Long Covering -29.73 -0.096 84.2 15.90 32,833 -119 1,847
1,970 -558 31,690 393.70 74.6 0.902 -28.02 Short Cover 7,500 Put Long Covering -34.30 -0.121 82.6 20.50 224,812 -2,809 11,040
88 -23 5,512 346.80 71.0 0.880 -30.70 Short Cover 7,550 Put Writing -37.27 -0.145 79.2 24.60 59,373 +4,221 6,599
1,029 +197 55,607 309.00 75.7 0.826 -41.60 Call Buying 7,600 Put Long Covering -42.12 -0.180 77.7 31.70 213,939 -1,447 6,055
177 -188 33,145 267.20 73.9 0.785 -45.97 Short Cover 7,650 Put Writing -48.25 -0.226 77.8 42.50 102,765 +107 2,794
1,648 -626 182,025 230.00 74.0 0.732 -51.68 Short Cover 7,700 Put Long Covering -52.24 -0.274 76.2 53.50 349,210 -442 8,365
2,019 +1,206 151,097 192.40 71.9 0.678 -54.49 Call Buying 7,750 Put Long Covering -56.12 -0.329 75.4 68.10 224,337 -1,479 1,228
7,542 +365 551,290 164.80 74.5 0.611 -60.16 Call Buying 7,800 Put Writing -58.72 -0.389 74.5 85.40 534,689 +1,977 10,610
3,429 +809 248,702 134.50 73.1 0.547 -60.95 Call Buying 7,850 Put Writing -61.92 -0.454 76.1 109.80 170,310 +1,313 2,553
6,497 +594 374,503 109.50 73.1 0.480 -61.16 Call Buying 7,900 Put Writing -60.84 -0.519 74.5 132.30 202,484 +1,837 4,481
2,557 +367 112,851 87.90 73.1 0.415 -59.76 Call Buying 7,950 Put Writing -58.84 -0.585 73.8 159.50 30,957 +46 442
10,249 -700 326,327 73.20 75.5 0.357 -59.01 Short Cover 8,000 Put Long Covering -58.26 -0.642 76.4 195.00 105,347 -276 3,579
2,036 +139 78,033 57.90 75.8 0.300 -55.18 Call Writing 8,050 Put Writing -44.88 -0.727 66.5 215.50 19,704 +170 436
5,081 +31 148,550 46.90 77.3 0.253 -51.68 Call Buying 8,100 Put Writing -51.35 -0.744 78.6 269.00 14,847 +10,623 11,235
912 -206 37,995 37.30 78.4 0.209 -47.16 Call Long Covering 8,150 Short Cover -59.88 -0.751 92.7 325.50 91 -10 28
4,806 -494 115,093 30.30 80.2 0.175 -43.16 Call Long Covering 8,200 Put Long Covering -49.67 -0.802 88.1 359.40 6,311 -18 442
1,039 +77 28,592 23.00 80.3 0.140 -37.29 Call Writing 8,250 Short Cover -54.73 -0.808 98.7 412.30 82 -6 33
2,283 -56 61,353 18.60 82.1 0.116 -33.36 Call Long Covering 8,300 Short Cover -48.76 -0.839 98.6 454.00 739 -1 118
978 +353 17,575 14.90 83.6 0.095 -29.41 Call Writing 8,350 No Conclusion -136.29 -0.703 191.3 610.00 1 +0 26
1,890 -792 43,575 11.80 85.0 0.077 -25.53 Call Long Covering 8,400 Put Writing -32.44 -0.901 93.8 538.00 186 +1 130
2,019 +780 9,891 8.00 83.5 0.056 -19.62 Call Writing 8,450 No Conclusion -91.34 -0.794 156.4 642.00 0 +0 1,216
5,910 -160 56,444 7.30 87.4 0.050 -18.70 Call Long Covering 8,500 Put Long Covering -6.76 -0.977 72.6 623.00 335 -43 553
686 +123 6,334 4.00 83.1 0.031 -12.02 Call Writing 8,550 No Conclusion 0.00 0.000 0.0 656.00 0 +0 28
1,804 -180 15,901 4.80 90.7 0.033 -14.07 Call Long Covering 8,600 No Conclusion -22.19 -0.946 103.4 730.00 20 +0 200
348 -64 2,553 5.30 97.3 0.034 -15.41 Call Long Covering 8,650 No Conclusion -196.05 -0.715 279.9 959.30 0 +0 8
1,387 -674 10,362 4.40 99.0 0.029 -13.53 Call Long Covering 8,700 Short Cover -36.96 -0.924 129.9 838.00 1 -1 282
5,928 +5,447 1,603 7.20 112.9 0.040 -20.05 Call Buying 8,750 No Conclusion -43.74 -0.917 142.1 891.90 1 +0 14
1,294 -72 4,799 3.80 105.9 0.024 -12.36 Call Long Covering 8,800 Put Long Covering -21.04 -0.958 121.0 928.70 54 -38 253
193 -29 527 2.50 103.8 0.017 -8.96 Call Long Covering 8,850 No Conclusion -6.22 -0.985 101.4 972.50 0 +0 35
1,260 +55 3,318 3.00 110.9 0.018 -10.47 Call Writing 8,900 No Conclusion -82.63 -0.874 195.8 1068.40 0 +0 153
327 +28 1,318 3.80 119.3 0.021 -12.76 Call Buying 8,950 No Conclusion -168.11 -0.788 281.3 1200.00 0 +0 36
9,273 -987 11,545 2.50 116.4 0.015 -9.22 Call Long Covering 9,000 Put Long Covering -26.60 -0.956 146.5 1130.80 103 -12 470
173 -54 438 3.00 123.6 0.017 -10.76 Short Cover 9,050 No Conclusion 0.00 0.000 0.0 1130.10 0 +0 6
967 -142 1,135 2.50 124.6 0.014 -9.37 Short Cover 9,100 No Conclusion 0.00 0.000 0.0 1184.80 0 +0 61
177 -3 193 2.50 128.7 0.014 -9.44 Call Long Covering 9,150 No Conclusion 0.00 0.000 0.0 1253.50 0 +0 8
830 -140 610 2.50 132.7 0.013 -9.51 Call Long Covering 9,200 No Conclusion -115.52 -0.863 256.9 1389.30 0 +0 32
101 -47 168 1.70 130.1 0.010 -7.00 Call Long Covering 9,250 No Conclusion -223.80 -0.776 362.2 1545.90 0 +0 1
843 -106 593 2.00 136.6 0.011 -8.04 Call Long Covering 9,300 No Conclusion -5.33 -0.991 133.9 1422.00 0 +0 23
54 -35 162 2.30 142.9 0.012 -9.07 Call Long Covering 9,350 No Conclusion 0.00 0.000 0.0 1463.40 0 +0 2
513 -112 1,731 1.90 143.2 0.010 -7.81 Call Long Covering 9,400 No Conclusion 0.00 0.000 0.0 1501.10 0 +0 20
5 +0 0 8.50 182.0 0.030 -26.03 No Conclusion 9,450 No Conclusion 0.00 0.000 0.0 1513.70 0 +0 2
3,626 -589 3,525 2.10 152.5 0.010 -8.57 Call Long Covering 9,500 Put Long Covering -35.58 -0.958 201.7 1633.70 14 -12 45
44 -23 76 2.00 155.3 0.010 -8.28 Call Long Covering 9,550 No Conclusion 0.00 0.000 0.0 1620.10 0 +0 7
145 -35 136 1.50 153.6 0.007 -6.57 Call Long Covering 9,600 No Conclusion 0.00 0.000 0.0 1705.10 0 +0 1
43 +6 54 2.30 165.3 0.010 -9.38 Call Buying 9,650 No Conclusion 0.00 0.000 0.0 1763.30 0 +0 1
330 -97 265 1.60 161.8 0.007 -6.99 Call Long Covering 9,700 No Conclusion 0.00 0.000 0.0 1753.30 0 +0 3
192 +18 136 2.00 169.7 0.009 -8.45 Call Writing 9,750 No Conclusion 0.00 0.000 0.0 1802.90 0 +0 1
201 -25 278 1.80 171.0 0.008 -7.78 Call Long Covering 9,800 No Conclusion 0.00 0.000 0.0 1852.40 0 +0 1
25 +0 0 2.80 184.1 0.011 -11.23 No Conclusion 9,850 No Conclusion 0.00 0.000 0.0 1902.00 0 +0 1
740 -216 841 1.60 175.6 0.007 -7.12 Call Long Covering 9,900 No Conclusion 0.00 0.000 0.0 1948.70 0 +0 1
11 -2 3 3.00 193.0 0.011 -11.99 Short Cover 9,950 No Conclusion 0.00 0.000 0.0 1997.00 0 +0 1
5,338 -1,310 3,470 1.20 176.6 0.005 -5.65 Call Long Covering 10,000 No Conclusion 0.00 0.000 0.0 1969.50 0 +0 10
17 +0 3 2.50 195.6 0.010 -10.42 No Conclusion 10,050 No Conclusion 0.00 0.000 0.0 2120.30 0 +0 0
185 -38 144 1.80 191.5 0.007 -7.98 Call Long Covering 10,100 No Conclusion 0.00 0.000 0.0 2148.30 0 +0 1
8 +0 0 0.10 149.2 0.001 -0.68 No Conclusion 10,150 No Conclusion 0.00 0.000 0.0 2220.20 0 +0 0
93 -32 76 0.80 181.7 0.004 -4.07 Call Long Covering 10,200 No Conclusion 0.00 0.000 0.0 2248.00 0 +0 1
15 +0 0 1.00 188.9 0.004 -4.93 No Conclusion 10,250 No Conclusion 0.00 0.000 0.0 2297.20 0 +0 1
47 -43 89 1.00 192.0 0.004 -4.95 Call Long Covering 10,300 No Conclusion 0.00 0.000 0.0 2347.60 0 +0 1
21 +0 1 0.20 168.5 0.001 -1.25 No Conclusion 10,350 No Conclusion 0.00 0.000 0.0 2420.00 0 +0 0
3,577 +3,554 17 0.60 188.5 0.003 -3.23 Call Writing 10,400 No Conclusion 0.00 0.000 0.0 2470.00 0 +0 0
3,576 +775 1,612 1.50 213.0 0.006 -7.04 Call Buying 10,500 No Conclusion 0.00 0.000 0.0 2549.40 0 +0 1
24 +0 0 3.30 240.0 0.010 -13.61 No Conclusion 10,600 No Conclusion 0.00 0.000 0.0 2645.80 0 +0 1
3 +0 0 0.10 174.9 0.001 -0.69 No Conclusion 10,650 No Conclusion 0.00 0.000 0.0 2719.70 0 +0 0
133 -32 34 0.80 211.3 0.003 -4.20 Call Long Covering 10,700 No Conclusion 0.00 0.000 0.0 2746.90 0 +0 1
1 +0 0 1.30 227.8 0.005 -6.36 No Conclusion 10,800 No Conclusion 0.00 0.000 0.0 2869.60 0 +0 0
12 +0 0 0.10 184.8 0.001 -0.70 No Conclusion 10,850 No Conclusion 0.00 0.000 0.0 2919.60 0 +0 0
3,030 -165 2,615 1.30 239.4 0.004 -6.42 Short Cover 11,000 No Conclusion 0.00 0.000 0.0 3047.30 0 +0 1
1,120 -24 519 0.70 251.9 0.002 -3.88 Call Long Covering 11,500 No Conclusion 0.00 0.000 0.0 3545.00 0 +0 1
1,850 -69 635 0.20 249.8 0.001 -1.33 Call Long Covering 12,000 No Conclusion 0.00 0.000 0.0 4046.60 0 +0 1
1 +0 0 0.10 241.7 0.000 -0.73 No Conclusion 12,100 No Conclusion 0.00 0.000 0.0 4168.50 0 +0 0
859 -56 233 0.80 304.5 0.002 -4.50 Call Long Covering 12,500 No Conclusion 0.00 0.000 0.0 4568.20 0 +0 0
1,842 -300 709 0.60 319.3 0.002 -3.56 Call Long Covering 13,000 No Conclusion 0.00 0.000 0.0 5067.80 0 +0 0

Last updated 14 Aug 2026, 23:56 IST — market closed.

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What does the OI concentration at 7,900 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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