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Crude Oil Option Chain Live

Live OI, PCR, Max Pain & Greeks — MCX

Crude Oil Spot ₹8,380
PCR 1.05
Max Pain 8,400
ATM Strike 8,400
Updated 23:56:49 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
2 +0 0 4329.40 0.0 0.000 0.00 No Conclusion 3,850 No Conclusion -0.36 -0.000 306.2 0.10 0 +0 0
0 +0 0 3180.60 0.0 0.000 0.00 No Conclusion 5,000 Put Long Covering -3.38 -0.003 259.9 1.40 763 -188 688
0 +0 0 2681.20 0.0 0.000 0.00 No Conclusion 5,500 Put Long Covering -2.69 -0.003 210.1 1.10 390 -42 260
0 +0 0 2181.70 0.0 0.000 0.00 No Conclusion 6,000 Put Long Covering -3.76 -0.005 178.2 1.70 1,024 -169 690
1 +0 0 1650.00 0.0 0.000 0.00 No Conclusion 6,500 Put Long Covering -4.96 -0.008 145.8 2.50 3,169 -346 1,688
0 +0 0 1283.20 0.0 0.000 0.00 No Conclusion 6,900 Put Long Covering -6.93 -0.014 122.7 4.00 776 -95 274
154 +2 68 1335.00 0.0 0.000 0.00 Call Buying 7,000 Put Long Covering -7.77 -0.017 117.5 4.70 12,103 -1,483 5,782
0 +0 0 1134.50 0.0 0.000 0.00 No Conclusion 7,050 Put Writing -9.34 -0.021 117.9 6.00 259 +4 251
0 +0 0 1085.10 0.0 0.000 0.00 No Conclusion 7,100 Put Long Covering -8.78 -0.021 112.5 5.60 1,986 -53 547
0 +0 0 1036.00 0.0 0.000 0.00 No Conclusion 7,150 Put Long Covering -10.24 -0.025 112.2 6.90 69 -9 39
0 +0 0 987.20 0.0 0.000 0.00 No Conclusion 7,200 Put Long Covering -8.74 -0.023 104.7 5.70 3,035 -350 694
0 +0 0 938.60 0.0 0.000 0.00 No Conclusion 7,250 Put Long Covering -8.30 -0.023 99.8 5.40 1,208 -124 155
0 +0 0 890.50 0.0 0.000 0.00 No Conclusion 7,300 Put Writing -9.50 -0.027 98.7 6.50 4,990 +7 1,075
0 +0 0 842.80 0.0 0.000 0.00 No Conclusion 7,350 Put Writing -9.17 -0.028 94.1 6.30 941 +13 219
1 +0 0 839.20 0.0 0.000 0.00 No Conclusion 7,400 Put Long Covering -9.50 -0.030 91.0 6.70 7,071 -516 869
0 +0 0 749.10 0.0 0.000 0.00 No Conclusion 7,450 Put Writing -9.39 -0.031 86.9 6.70 2,091 +20 343
210 -52 184 878.00 0.0 0.000 0.00 Short Cover 7,500 Put Long Covering -9.27 -0.033 82.8 6.70 59,851 -2,391 6,931
2 +0 0 658.40 0.0 0.000 0.00 No Conclusion 7,550 Put Long Covering -11.44 -0.042 83.1 9.00 3,024 -52 303
52 +23 69 818.90 109.8 0.893 -32.45 Call Buying 7,600 Put Writing -10.99 -0.043 78.3 8.70 22,465 +738 4,030
0 +0 0 571.60 0.0 0.000 0.00 No Conclusion 7,650 Put Long Covering -13.49 -0.055 78.7 11.70 5,349 -61 460
70 +1 139 705.00 86.4 0.913 -22.49 Call Buying 7,700 Put Writing -13.57 -0.059 74.8 12.10 25,247 +760 3,434
65 -1 39 627.60 0.0 0.000 0.00 Short Cover 7,750 Put Long Covering -16.38 -0.075 75.1 16.10 12,436 -109 995
140 -80 605 591.50 60.9 0.947 -11.53 Short Cover 7,800 Put Long Covering -17.14 -0.084 72.1 17.70 53,243 -1,190 4,275
70 -13 111 537.70 50.3 0.962 -7.78 Short Cover 7,850 Put Long Covering -19.31 -0.101 71.0 21.70 20,877 -193 1,340
221 -110 2,932 502.00 63.6 0.900 -18.56 Short Cover 7,900 Put Long Covering -21.01 -0.118 69.1 25.50 52,719 -1,337 4,310
42 -80 1,564 456.20 62.1 0.880 -20.50 Short Cover 7,950 Put Long Covering -22.96 -0.139 67.5 30.40 30,929 -610 1,909
1,655 -1,205 32,371 416.00 63.8 0.844 -24.86 Short Cover 8,000 Put Writing -24.77 -0.163 65.8 35.90 217,154 +759 16,287
122 -210 5,301 370.00 60.7 0.822 -25.65 Short Cover 8,050 Put Long Covering -26.99 -0.192 64.6 43.50 42,868 -946 2,635
1,471 -1,286 35,180 327.40 59.0 0.790 -27.44 Short Cover 8,100 Put Long Covering -28.64 -0.223 62.7 51.30 149,127 -761 7,757
356 -439 16,784 288.70 58.5 0.749 -29.94 Short Cover 8,150 Put Writing -30.37 -0.260 61.3 61.30 80,642 +321 3,286
3,661 -1,512 104,543 251.00 57.5 0.705 -31.75 Short Cover 8,200 Put Writing -31.98 -0.302 60.1 73.60 289,695 +1,506 9,743
1,730 -1,187 68,580 216.00 56.7 0.656 -33.29 Short Cover 8,250 Put Writing -33.38 -0.350 59.2 88.70 119,877 +1,145 3,424
7,686 +911 412,477 186.00 57.0 0.601 -34.95 Call Writing 8,300 Put Writing -34.42 -0.401 58.6 106.80 454,831 +8,296 12,276
4,692 +2,727 238,614 157.00 56.5 0.546 -35.49 Call Writing 8,350 Put Writing -34.96 -0.455 58.2 128.00 207,349 +3,031 3,728
11,319 +6,421 436,191 132.20 56.6 0.489 -35.68 Call Writing 8,400 Put Writing -35.30 -0.510 58.5 153.80 315,259 +6,171 7,366
5,330 +4,167 172,212 111.20 57.1 0.434 -35.43 Call Writing 8,450 Put Writing -35.01 -0.564 58.9 182.50 85,180 +961 1,103
12,809 +4,004 375,287 93.20 57.7 0.381 -34.65 Call Writing 8,500 Put Writing -33.83 -0.616 58.9 212.80 121,293 +644 4,705
2,719 +1,253 94,428 78.60 58.8 0.334 -33.61 Call Writing 8,550 Put Writing -33.19 -0.661 60.5 249.30 14,067 +55 302
5,090 +1,920 150,314 66.10 59.8 0.290 -32.15 Call Writing 8,600 Put Writing -32.24 -0.702 62.2 288.00 21,810 +460 918
1,258 +327 50,684 56.10 61.2 0.252 -30.62 Call Writing 8,650 Put Writing -30.06 -0.743 62.6 325.70 3,928 +18 102
4,370 +1,405 101,387 46.60 62.0 0.216 -28.49 Call Writing 8,700 Put Writing -28.80 -0.774 64.6 368.10 7,757 +67 350
856 +78 30,159 40.20 63.7 0.189 -26.96 Call Writing 8,750 Put Long Covering -34.66 -0.768 76.0 429.00 199 -18 31
3,441 +236 68,954 34.30 65.2 0.164 -25.15 Call Writing 8,800 Put Writing -25.53 -0.826 67.8 455.10 2,581 +30 528
805 +169 17,355 29.40 66.6 0.142 -23.39 Call Writing 8,850 Put Long Covering -35.20 -0.799 84.1 523.70 173 -2 63
1,694 +554 31,593 25.70 68.5 0.124 -21.94 Call Writing 8,900 Put Long Covering -31.93 -0.825 83.5 564.20 247 -7 499
539 +213 13,967 22.60 70.3 0.110 -20.57 Call Writing 8,950 Put Writing -36.01 -0.821 92.5 620.60 40 +2 85
6,845 -62 103,718 20.50 72.7 0.098 -19.65 Call Long Covering 9,000 Put Long Covering -21.19 -0.888 77.0 642.00 2,753 -78 3,136
416 +50 7,119 17.70 74.0 0.086 -18.06 Call Writing 9,050 Put Writing -29.72 -0.863 91.7 705.20 20 +1 138
3,269 +170 15,499 16.00 76.1 0.077 -17.11 Call Writing 9,100 No Conclusion -24.42 -0.889 88.4 745.40 80 +0 1,663
466 +112 4,474 14.80 78.5 0.070 -16.45 Call Writing 9,150 Put Long Covering -39.12 -0.847 110.9 819.60 3 -1 90
2,360 +151 11,784 13.10 80.0 0.062 -15.27 Call Writing 9,200 Put Long Covering -25.27 -0.897 96.5 845.20 45 -3 679
719 +98 3,116 12.50 82.8 0.058 -14.97 Call Writing 9,250 No Conclusion -114.85 -0.703 216.7 1100.00 0 +0 158
2,745 +333 11,898 10.40 83.2 0.049 -13.22 Call Writing 9,300 Put Long Covering -40.23 -0.863 122.9 967.60 20 -3 808
465 +21 1,750 11.30 88.0 0.051 -14.25 Call Writing 9,350 No Conclusion -92.94 -0.754 193.6 1130.00 0 +0 151
2,054 +128 4,608 8.40 86.4 0.040 -11.52 Call Writing 9,400 Put Long Covering -31.90 -0.895 119.0 1052.30 28 -2 751
307 -9 1,380 9.20 91.1 0.041 -12.48 Call Long Covering 9,450 No Conclusion -136.74 -0.703 257.6 1340.00 0 +0 120
5,742 +420 20,791 7.60 91.2 0.035 -10.89 Call Writing 9,500 Put Long Covering -14.21 -0.950 100.1 1129.00 208 -118 1,714
485 -4 511 8.00 95.2 0.035 -11.44 Call Long Covering 9,550 No Conclusion -83.72 -0.797 194.7 1295.40 3 +0 88
2,482 +162 3,214 6.00 93.6 0.028 -9.24 Call Writing 9,600 Put Long Covering -35.33 -0.901 136.8 1254.70 28 -19 880
225 -6 165 6.30 97.3 0.028 -9.68 Call Long Covering 9,650 Put Long Covering -60.59 -0.850 172.4 1345.00 2 -2 57
3,427 +4 2,641 4.50 95.2 0.021 -7.49 Call Writing 9,700 Put Long Covering -51.24 -0.873 163.9 1377.70 7 -1 1,101
143 -8 316 7.60 106.4 0.030 -11.39 Call Long Covering 9,750 Short Cover -71.94 -0.837 193.1 1463.20 4 -2 34
1,563 -96 1,203 4.80 101.7 0.021 -8.00 Call Long Covering 9,800 Put Long Covering -46.42 -0.889 164.2 1468.40 69 -2 1,188
118 +3 306 7.40 111.8 0.029 -11.33 Call Writing 9,850 No Conclusion -167.40 -0.713 320.0 1783.90 0 +0 44
662 +15 1,187 4.50 106.2 0.019 -7.71 Call Writing 9,900 Put Long Covering -51.59 -0.885 177.2 1574.80 16 -3 382
227 -31 408 6.00 113.7 0.023 -9.74 Call Long Covering 9,950 No Conclusion -132.80 -0.763 281.3 1786.00 0 +0 25
5,307 -519 8,464 4.60 112.0 0.019 -7.94 Call Long Covering 10,000 Put Long Covering -26.34 -0.938 149.0 1640.00 27 -22 313
154 -4 146 6.00 119.2 0.022 -9.86 Call Long Covering 10,050 No Conclusion -125.99 -0.780 278.7 1864.10 0 +0 36
274 -30 717 4.40 116.5 0.017 -7.75 Call Long Covering 10,100 No Conclusion -127.18 -0.783 283.1 1914.10 0 +0 22
65 -7 24 5.50 123.0 0.020 -9.32 Call Long Covering 10,150 No Conclusion -128.29 -0.785 287.5 1964.00 0 +0 18
380 -16 417 4.30 121.3 0.016 -7.70 Call Long Covering 10,200 Put Long Covering -66.33 -0.876 214.4 1893.00 3 -3 57
72 +6 98 3.90 122.2 0.015 -7.15 Call Writing 10,250 No Conclusion -130.48 -0.790 296.0 2063.90 0 +0 17
299 -38 358 3.60 123.4 0.014 -6.74 Call Long Covering 10,300 No Conclusion -131.53 -0.792 300.2 2113.80 0 +0 18
34 +0 0 4.70 130.6 0.017 -8.39 No Conclusion 10,350 No Conclusion -132.55 -0.794 304.4 2163.70 0 +0 25
109 -17 181 4.50 132.3 0.016 -8.14 Short Cover 10,400 No Conclusion -133.59 -0.796 308.5 2213.70 0 +0 12
28 -10 33 4.60 135.2 0.016 -8.33 Short Cover 10,450 No Conclusion -143.11 -0.788 322.9 2282.00 0 +0 10
1,698 -257 1,963 3.50 132.7 0.013 -6.71 Call Long Covering 10,500 No Conclusion -63.11 -0.893 228.3 2183.70 2 +0 209
40 -5 25 4.70 140.5 0.016 -8.55 Short Cover 10,550 No Conclusion -136.52 -0.802 320.6 2363.50 0 +0 0
112 -63 330 3.80 138.9 0.013 -7.23 No Conclusion 10,600 No Conclusion -137.49 -0.803 324.6 2413.50 0 +0 40
10 +0 0 1.90 129.8 0.007 -4.12 No Conclusion 10,650 No Conclusion -138.40 -0.805 328.6 2463.40 0 +0 0
102 -25 82 3.50 142.2 0.012 -6.82 Call Long Covering 10,700 No Conclusion -139.29 -0.807 332.4 2513.30 0 +0 28
16 +0 0 2.30 137.2 0.008 -4.85 No Conclusion 10,750 No Conclusion -140.21 -0.808 336.3 2563.30 0 +0 0
109 -38 110 2.10 138.0 0.008 -4.52 Call Long Covering 10,800 No Conclusion -141.07 -0.810 340.1 2613.20 0 +0 1
21 +0 0 3.70 150.2 0.012 -7.22 No Conclusion 10,850 No Conclusion -141.96 -0.812 343.9 2663.20 0 +0 0
152 -20 37 3.00 148.5 0.010 -6.10 Call Long Covering 10,900 No Conclusion -142.79 -0.813 347.7 2713.10 0 +0 0
51 +0 0 4.40 158.2 0.013 -8.37 No Conclusion 10,950 No Conclusion -143.65 -0.815 351.4 2763.10 0 +0 0
2,374 -398 2,351 3.20 154.2 0.010 -6.48 Call Long Covering 11,000 No Conclusion -144.45 -0.816 355.1 2813.00 0 +0 0
37 +0 0 6.80 172.7 0.018 -11.97 No Conclusion 11,050 No Conclusion -145.29 -0.817 358.8 2863.00 0 +0 0
102 -15 15 3.30 159.2 0.010 -6.69 Call Long Covering 11,100 No Conclusion -146.06 -0.819 362.4 2912.90 0 +0 0
14 +0 0 0.30 126.5 0.001 -0.89 No Conclusion 11,150 No Conclusion -146.87 -0.820 366.0 2962.90 0 +0 0
78 +5 64 2.90 161.0 0.009 -6.06 Call Writing 11,200 No Conclusion -147.62 -0.821 369.6 3012.80 0 +0 0
10 +0 0 0.10 119.3 0.001 -0.34 No Conclusion 11,250 No Conclusion -148.41 -0.822 373.1 3062.80 0 +0 0
162 -18 55 2.10 159.2 0.007 -4.66 Call Long Covering 11,300 No Conclusion -149.14 -0.824 376.6 3112.70 0 +0 0
6 +0 0 0.10 122.6 0.001 -0.34 No Conclusion 11,350 No Conclusion -149.91 -0.825 380.1 3162.70 0 +0 0
90 -53 73 2.30 165.0 0.007 -5.06 Call Long Covering 11,400 No Conclusion -150.61 -0.826 383.6 3212.60 0 +0 0
1,875 -94 1,330 1.30 158.9 0.004 -3.16 Call Long Covering 11,500 No Conclusion -152.04 -0.828 390.4 3312.50 0 +0 0
1 +0 0 0.10 129.1 0.001 -0.35 No Conclusion 11,550 No Conclusion -152.71 -0.829 393.8 3362.40 0 +0 14
10 +0 1 2.60 175.5 0.007 -5.66 No Conclusion 11,600 No Conclusion -153.43 -0.830 397.1 3412.40 0 +0 6
0 +0 0 0.10 132.3 0.001 -0.35 No Conclusion 11,650 No Conclusion -154.08 -0.831 400.4 3462.30 0 +0 7
22 +0 0 2.30 177.0 0.007 -5.14 No Conclusion 11,700 No Conclusion -154.78 -0.832 403.8 3512.30 0 +0 5
0 +0 0 0.10 135.4 0.001 -0.35 No Conclusion 11,750 No Conclusion -155.41 -0.833 407.0 3562.20 0 +0 10
5 +0 0 0.10 137.0 0.001 -0.35 No Conclusion 11,800 No Conclusion -156.09 -0.834 410.3 3612.20 0 +0 0
1,348 -231 564 1.80 183.7 0.005 -4.25 Call Long Covering 12,000 No Conclusion -106.32 -0.885 361.8 3728.00 0 +0 25
514 -91 488 1.60 199.5 0.004 -3.92 Call Long Covering 12,500 No Conclusion -164.39 -0.846 453.5 4311.40 0 +0 0
2 +0 0 0.10 159.4 0.000 -0.36 No Conclusion 12,550 No Conclusion -164.97 -0.847 456.5 4361.40 0 +0 0
1,130 -23 351 1.50 215.2 0.004 -3.78 Call Long Covering 13,000 No Conclusion -169.59 -0.853 482.1 4810.90 0 +0 0
294 -16 45 1.40 215.4 0.004 -3.57 Call Long Covering 13,050 No Conclusion -170.10 -0.853 484.8 4860.90 0 +0 0
28 +0 0 0.10 174.9 0.000 -0.36 No Conclusion 13,100 No Conclusion -170.56 -0.854 487.6 4910.80 0 +0 0
5 +0 0 0.10 176.3 0.000 -0.36 No Conclusion 13,150 No Conclusion -171.07 -0.855 490.3 4960.80 0 +0 0
11 +0 0 0.10 177.6 0.000 -0.36 No Conclusion 13,200 No Conclusion -171.52 -0.855 493.0 5010.70 0 +0 0
11 +0 0 0.10 180.3 0.000 -0.36 No Conclusion 13,300 No Conclusion -172.45 -0.856 498.4 5110.60 0 +0 0
2 +0 0 0.10 181.7 0.000 -0.36 No Conclusion 13,350 No Conclusion -172.88 -0.857 5.0 5160.50 0 +0 0
229 -25 163 1.50 231.4 0.004 -3.84 Call Long Covering 13,500 No Conclusion -174.27 -0.859 5.1 5310.40 0 +0 0

Last updated 13 Nov 2026, 23:56 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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