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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹9,662
PCR 0.82
Max Pain 9,200
ATM Strike 9,650
Updated 23:56:43 IST
15 Oct  (nearest)
CALLS STRIKE PUTS
OI ΔOI Vol LTP IV% Δ Θ Buildup Strike Buildup Θ Δ IV% LTP Vol ΔOI OI
0 +0 0 4333.70 0.0 0.000 0.00 No Conclusion 5,000 Put Writing -2.27 -0.011 138.3 11.70 2,273 +313 393
0 +0 0 3836.00 0.0 0.000 0.00 No Conclusion 5,500 Put Writing -2.46 -0.013 122.5 13.30 2,331 +191 232
0 +0 0 3338.40 0.0 0.000 0.00 No Conclusion 6,000 Put Buying -3.10 -0.019 111.3 18.50 2,455 +263 769
33 +0 0 2698.20 0.0 0.000 0.00 No Conclusion 6,500 Put Writing -3.43 -0.026 97.8 22.00 3,777 +202 660
586 -14 93 2245.60 0.0 0.000 0.00 Short Cover 7,000 Put Buying -4.77 -0.042 90.3 36.00 15,556 +93 4,826
0 +0 0 2297.50 0.0 0.000 0.00 No Conclusion 7,050 No Conclusion -4.84 -0.044 89.1 36.90 11 +0 10
81 -16 65 1782.20 0.0 0.000 0.00 Short Cover 7,500 Put Buying -6.80 -0.072 84.7 63.00 18,456 +862 3,186
0 +0 0 1767.30 0.0 0.000 0.00 No Conclusion 7,600 Put Writing -7.23 -0.080 83.5 70.00 28 +6 13
0 +0 0 1673.90 0.0 0.000 0.00 No Conclusion 7,700 Put Writing -7.49 -0.086 81.5 75.00 1,511 +46 50
1 +0 0 1536.50 0.0 0.000 0.00 No Conclusion 7,850 No Conclusion -4.60 -0.062 64.8 39.50 0 +0 11
0 +0 0 1491.50 0.0 0.000 0.00 No Conclusion 7,900 Put Writing -8.48 -0.106 79.5 93.70 88 +9 9
22 -1 2 1369.90 0.0 0.000 0.00 Call Long Covering 7,950 Put Writing -8.86 -0.113 79.5 101.00 16 +1 12
344 +19 125 1313.40 0.0 0.000 0.00 Call Writing 8,000 Put Writing -9.50 -0.122 80.6 113.10 30,221 +714 5,200
13 +0 0 1192.50 0.0 0.000 0.00 No Conclusion 8,050 Put Buying -9.98 -0.131 81.0 123.30 49 +5 19
0 +0 0 1316.00 0.0 0.000 0.00 No Conclusion 8,100 Put Writing -10.08 -0.135 79.9 126.90 2,736 +135 137
0 +0 0 1273.50 0.0 0.000 0.00 No Conclusion 8,150 Put Buying -10.83 -0.146 81.3 142.90 30 +9 11
2 +0 0 1231.50 0.0 0.000 0.00 No Conclusion 8,200 Put Writing -10.70 -0.149 79.3 142.80 1,957 +119 119
2 +0 0 1190.00 0.0 0.000 0.00 No Conclusion 8,250 No Conclusion -7.76 -0.121 66.4 91.20 0 +0 0
0 +0 0 1149.30 0.0 0.000 0.00 No Conclusion 8,300 Put Writing -11.48 -0.166 79.4 163.50 3,386 +79 120
0 +0 0 1109.10 0.0 0.000 0.00 No Conclusion 8,350 Put Buying -12.67 -0.182 82.6 192.40 364 +2 17
0 +0 0 1069.60 0.0 0.000 0.00 No Conclusion 8,400 Put Writing -12.24 -0.184 79.5 186.40 3,557 +405 448
1 +0 0 1030.80 0.0 0.000 0.00 No Conclusion 8,450 No Conclusion -9.48 -0.160 67.4 131.00 0 +0 1
700 +51 371 919.70 0.0 0.000 0.00 Call Writing 8,500 Put Writing -12.82 -0.201 78.9 207.50 38,800 +1,341 5,042
1 +0 1 937.10 0.0 0.000 0.00 No Conclusion 8,550 Put Buying 0.00 0.000 0.0 239.40 397 +27 27
10 -1 5 954.00 0.0 0.000 0.00 Short Cover 8,600 Put Buying -13.78 -0.223 80.0 240.90 5,919 +407 445
1 +0 0 882.90 0.0 0.000 0.00 No Conclusion 8,650 Put Writing -13.50 -0.227 77.6 239.20 1,143 +102 104
5 +0 1 847.90 0.0 0.000 0.00 No Conclusion 8,700 Put Writing -14.41 -0.242 79.9 269.10 5,913 +242 281
8 -1 1 856.30 0.0 0.000 0.00 Call Long Covering 8,750 Put Writing -14.81 -0.253 80.3 286.90 830 +79 83
52 -6 183 740.80 0.0 0.000 0.00 Short Cover 8,800 Put Writing -15.18 -0.264 80.6 305.00 11,262 +446 540
21 +5 265 684.60 0.0 0.000 0.00 Call Writing 8,850 Put Buying -16.24 -0.280 83.8 344.20 331 +32 32
20 -6 172 700.00 0.0 0.000 0.00 Short Cover 8,900 Put Writing -15.94 -0.287 81.4 344.50 10,330 +342 519
16 -1 78 652.10 0.0 0.000 0.00 Call Long Covering 8,950 Put Writing -16.27 -0.298 81.7 364.50 1,600 +97 101
2,211 +312 7,180 621.00 0.0 0.000 0.00 Call Buying 9,000 Put Long Covering -16.47 -0.308 81.5 381.20 54,036 -191 6,484
34 +33 125 591.40 0.0 0.000 0.00 Call Writing 9,050 Put Writing -17.10 -0.321 83.2 413.20 2,177 +198 204
272 +153 4,371 574.10 0.0 0.000 0.00 Call Buying 9,100 Put Writing -17.48 -0.333 83.9 438.10 12,894 +620 1,096
1,467 +1,453 2,195 525.60 0.0 0.000 0.00 Call Writing 9,150 Put Writing -17.42 -0.342 82.8 449.70 8,295 +394 406
1,467 +894 26,110 521.90 21.1 0.873 -4.08 Call Writing 9,200 Put Writing -18.15 -0.355 85.1 489.00 32,053 +1,124 2,069
3,648 +3,624 10,046 495.50 24.0 0.818 -5.17 Call Writing 9,250 Put Writing -18.22 -0.365 84.6 507.10 10,913 +30 59
3,648 +3,319 34,624 478.20 27.5 0.762 -6.35 Call Writing 9,300 Put Writing -18.69 -0.377 86.0 540.10 26,598 +733 1,242
269 +252 6,882 440.30 27.2 0.735 -6.56 Call Writing 9,350 Put Buying -19.30 -0.389 88.0 579.60 4,140 +71 82
997 +800 21,741 437.00 31.4 0.683 -7.82 Call Writing 9,400 Put Writing -19.36 -0.399 87.7 600.70 14,011 +317 543
179 +176 3,740 412.20 32.4 0.652 -8.22 Call Writing 9,450 Put Writing -19.70 -0.410 88.7 633.00 1,176 +144 154
724 -2,267 37,584 399.00 34.5 0.619 -8.87 Call Long Covering 9,500 Put Writing -19.74 -0.420 88.5 655.40 13,199 +216 1,679
141 +136 3,286 378.60 35.5 0.591 -9.21 Call Writing 9,550 Put Writing -19.75 -0.431 88.2 678.20 362 +8 17
639 +189 15,694 363.00 36.8 0.564 -9.60 Call Writing 9,600 Put Writing -20.11 -0.441 89.5 714.40 4,557 +190 314
138 +68 5,391 343.80 37.6 0.538 -9.81 Call Writing 9,650 Put Writing -20.81 -0.450 92.2 764.30 772 +26 43
5,623 +5,166 30,149 334.00 39.4 0.515 -10.22 Call Writing 9,700 Put Writing -20.77 -0.461 91.9 788.20 6,474 +442 550
180 +172 4,976 317.80 40.2 0.492 -10.38 Call Writing 9,750 Put Buying -21.86 -0.468 96.5 854.20 1,060 +15 22
1,039 +752 25,807 305.30 41.3 0.471 -10.59 Call Writing 9,800 Put Writing -21.61 -0.478 95.3 872.20 3,875 +61 116
154 +146 4,421 294.90 42.6 0.452 -10.81 Call Buying 9,850 Put Buying -21.88 -0.487 96.5 910.50 313 +10 14
619 +484 13,056 280.50 43.3 0.432 -10.87 Call Writing 9,900 Put Buying -22.31 -0.495 98.3 955.00 1,145 +47 70
3,186 +3,176 2,276 272.70 44.6 0.416 -11.07 Call Buying 9,950 Put Long Covering -20.71 -0.510 91.7 927.60 8 -1 3
5,605 +2,441 74,396 257.70 45.0 0.397 -11.02 Call Buying 10,000 Put Writing -22.29 -0.513 98.5 1015.00 2,416 +27 606
128 +112 1,680 247.00 45.9 0.381 -11.05 Call Writing 10,050 No Conclusion -18.29 -0.542 82.2 906.30 0 +0 0
2,895 +2,890 7,652 236.90 0.0 0.000 0.00 Call Writing 10,100 Put Writing -22.61 -0.529 100.2 1090.40 70 +4 7
82 +77 1,131 223.40 47.0 0.349 -10.95 Call Writing 10,150 No Conclusion -18.47 -0.561 83.7 981.00 0 +0 0
361 +334 7,697 216.50 48.0 0.336 -11.00 Call Writing 10,200 No Conclusion -18.55 -0.570 84.4 1019.20 0 +0 0
27 +24 170 210.40 49.1 0.324 -11.06 Call Buying 10,250 No Conclusion -18.62 -0.579 85.2 1058.00 0 +0 0
179 +162 4,297 195.90 49.0 0.308 -10.79 Call Writing 10,300 No Conclusion -18.69 -0.588 86.0 1097.40 0 +0 0
7 +5 67 191.70 50.2 0.298 -10.87 Call Buying 10,350 No Conclusion -18.76 -0.596 86.8 1137.30 0 +0 0
135 +129 3,276 177.40 50.0 0.282 -10.54 Call Writing 10,400 No Conclusion -18.83 -0.604 87.7 1177.80 0 +0 0
6 +0 0 292.00 66.9 0.333 -15.05 No Conclusion 10,450 No Conclusion -18.89 -0.612 88.5 1218.70 0 +0 0
2,895 +825 23,501 161.10 51.0 0.258 -10.26 Call Writing 10,500 Put Writing -21.96 -0.597 100.9 1355.00 5 +1 6
121 +119 2,380 147.50 52.1 0.238 -10.00 Call Writing 10,600 No Conclusion -19.08 -0.633 91.2 1344.40 0 +0 0
116 +115 961 135.00 53.2 0.219 -9.72 Call Writing 10,700 No Conclusion -19.20 -0.646 93.0 1430.40 0 +0 0
73 +73 1,550 122.90 54.1 0.201 -9.37 Call Writing 10,800 No Conclusion -19.32 -0.658 95.0 1517.90 0 +0 0
21 +16 611 113.00 55.1 0.185 -9.08 Call Writing 10,900 No Conclusion -19.45 -0.669 96.9 1606.80 0 +0 0
3 +2 2 115.60 56.9 0.184 -9.33 No Conclusion 10,950 No Conclusion -19.51 -0.674 97.9 1651.70 0 +0 0
2,090 +604 23,166 104.90 56.3 0.172 -8.83 Call Writing 11,000 No Conclusion -28.12 -0.616 129.9 1944.00 0 +0 1
15 +14 109 93.00 56.6 0.155 -8.30 Call Writing 11,100 No Conclusion -19.72 -0.689 101.0 1788.30 0 +0 0
1 +1 3 98.40 61.3 0.153 -8.88 Call Writing 11,250 No Conclusion -19.94 -0.701 104.2 1927.30 0 +0 0
951 +218 13,243 70.00 60.9 0.116 -7.29 Call Writing 11,500 No Conclusion -20.34 -0.719 109.6 2163.00 0 +0 0
16 +6 24 63.00 60.3 0.107 -6.81 Call Writing 11,550 No Conclusion -20.42 -0.722 110.7 2210.60 0 +0 0
1,624 +177 13,158 47.00 64.8 0.079 -5.83 Call Writing 12,000 No Conclusion -21.25 -0.746 120.8 2645.40 0 +0 0
551 +551 9,719 35.00 69.5 0.058 -4.91 Call Writing 12,500 No Conclusion -22.22 -0.765 131.9 3136.10 0 +0 0
1,169 +480 6,003 29.30 75.1 0.047 -4.45 Call Buying 13,000 No Conclusion -23.18 -0.779 142.6 3630.90 0 +0 0
454 +384 4,023 24.00 79.7 0.037 -3.94 Call Buying 13,500 No Conclusion -24.08 -0.790 152.9 4127.40 0 +0 0

Last updated 18 Sep 2026, 23:56 IST — market closed.

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What does the OI concentration at 9,650 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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