Crude Oil Option Chain Live
Live OI, PCR, Max Pain & Greeks — MCX
| CALLS | STRIKE | PUTS | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OI | ΔOI | Vol | LTP | IV% | Δ | Θ | Buildup | Strike | Buildup | Θ | Δ | IV% | LTP | Vol | ΔOI | OI |
| 0 | +0 | 0 | 1581.90 | 131.9 | 0.670 | -19.48 | No Conclusion | 7,500 | No Conclusion | 0.00 | 0.000 | 0.0 | 250.00 | 0 | +0 | 3 |
| 0 | +0 | 0 | 1175.10 | 113.9 | 0.602 | -17.97 | No Conclusion | 8,000 | Put Buying | -10.91 | -0.401 | 76.6 | 588.00 | 8 | +7 | 7 |
| 6 | +0 | 0 | 648.00 | 80.7 | 0.494 | -13.28 | No Conclusion | 8,500 | No Conclusion | -8.97 | -0.529 | 63.4 | 735.00 | 0 | +1 | 13 |
| 0 | +0 | 0 | 657.80 | 93.8 | 0.458 | -15.19 | No Conclusion | 8,800 | No Conclusion | -6.97 | -0.631 | 54.6 | 846.30 | 0 | +0 | 1 |
| 1 | +0 | 0 | 631.60 | 92.9 | 0.448 | -14.99 | No Conclusion | 8,850 | No Conclusion | 0.00 | 0.000 | 0.0 | 457.90 | 0 | +0 | 0 |
| 123 | +21 | 40 | 347.10 | 66.9 | 0.360 | -10.31 | Call Writing | 9,000 | Short Cover | -10.36 | -0.613 | 76.6 | 1179.60 | 12 | -4 | 28 |
| 0 | +0 | 0 | 390.40 | 84.3 | 0.337 | -12.53 | No Conclusion | 9,400 | No Conclusion | 0.00 | 0.000 | 0.0 | 762.60 | 0 | +0 | 1 |
| 55 | +5 | 10 | 259.00 | 71.2 | 0.278 | -9.75 | Call Writing | 9,500 | No Conclusion | 0.00 | 0.000 | 0.0 | 1220.70 | 0 | +0 | 2 |
| 402 | +17 | 89 | 172.10 | 71.5 | 0.201 | -8.17 | No Conclusion | 10,000 | No Conclusion | 0.00 | 0.000 | 0.0 | 1183.40 | 0 | +0 | 2 |
| 48 | +3 | 1 | 83.30 | 74.7 | 0.108 | -5.58 | Call Writing | 11,000 | No Conclusion | 0.00 | 0.000 | 0.0 | 2029.60 | 0 | +0 | 0 |
Live — refreshes every 60 seconds during market hours.
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Unlock Ask AIHow 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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