Crude Oil Option Chain - Live MCX Open Interest

MCX Option Chain Snapshot

Market data refreshed: 14 Jul, 2026, 09:42 AM IST

Crude Oil OI peaks at 8,000 Calls (resistance) and 7,000 Puts (support). PCR: 1.19.

Call OI at 8,000 is the heavier wall — key resistance.

Spot Price
Exchange
  • PCR:

    1.1862

  • CHG OI PCR:

    1.9677

  • Lot Size:

    1

  • Expected Range:

    7291.99 ~ 8040.01

Calls
Puts

About the Crude Oil Option Chain

Crude Oil is India’s most actively traded commodity option, accounting for 60%+ of MCX commodity options volume. It tracks WTI Crude Oil prices on NYMEX with USD-INR conversion. Indian crude prices typically follow global crude movement with a 0.95+ correlation, plus exchange rate impact. 


Key Data Points

For each strike price, you can see: - Last Traded Price (LTP) — current option premium - Open Interest (OI) — outstanding contracts at each strike - Change in OI — net change from previous session - Volume — contracts traded today - Implied Volatility (IV) — typical range 30-60% - Greeks — Delta, Gamma, Theta, Vega 


How to Trade Crude Oil Options Effectively

Watch the Key Price Catalysts

  • Weekly EIA inventory data every Wednesday 8:00 PM IST — moves crude 2-5% on average 
  • OPEC meetings can move crude 5-10% in a single session 
  • Geopolitical events (Middle East tensions, Russia-Ukraine) cause sudden spikes 
  • USD strength has inverse correlation with crude 

Manage the Volatility

Crude Oil IV regularly spikes to 80%+ during major events. Theta decay accelerates significantly in the last week of expiry — sellers benefit, buyers should exit. Best entry times: avoid the first 15 minutes after NYMEX open (8:00 PM IST) when volatility is highest. 

Use Mini Contracts if Available

Crude Oil Mini has 10x smaller lot size (10 barrels vs 100), making it accessible to retail traders. Same underlying, same expiry calendar, lower margin. 


Crude Oil Options Contract Details


Specification 

Value 

Underlying 

Crude Oil futures on MCX 

Lot size (regular) 

100 barrels 

Lot size (mini) 

10 barrels 

Tick size 

(Verify with MCX) 

Trading hours 

9:00 AM - 11:30 PM IST 

Margin requirement 

(Verify with MCX/broker) 

Settlement 

Cash settled 

Expiry 

Monthly (last day of month) 


What Drives Crude Oil Prices 

  • US oil inventory data (weekly EIA report Wednesday 8 PM IST) 
  • OPEC production decisions 
  • Geopolitical events (Middle East, Russia) 
  • USD strength (inverse correlation with crude) 
  • Demand from China and India 
  • Strategic Petroleum Reserve announcements 


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FAQs About Crude Oil Option Chain

Live options data for Crude Oil futures on MCX (Multi Commodity Exchange), showing strike-wise OI, IV, Greeks, and premium across active expiries.
MCX Crude Oil tracks WTI (West Texas Intermediate) prices on NYMEX. Brent is a separate benchmark traded on ICE. WTI-Brent spread is watched closely by commodity traders.
The weekly EIA Petroleum Status Report shows US crude stockpiles, refinery utilization, and product inventories. Higher-than-expected inventories typically push crude prices down; lower-than-expected pushes prices up.
MCX Crude Oil options trade from 9:00 AM to 11:30 PM IST on weekdays. The most active period is 5:00 PM - 11:00 PM IST, overlapping with international markets.
Crude Oil Mini has a lot size of 10 barrels (vs 100 for regular Crude Oil). 10x smaller, 10x lower margin requirement, same underlying and expiry calendar.
Normal range: 30-60%. Spikes to 80%+ during major events like OPEC announcements, geopolitical shocks, or inventory surprises.
Theta decay accelerates in the last week before expiry. Selling options 7-10 days before expiry captures meaningful time decay. Always size positions for the high IV.
OPEC production decisions can move crude 5-10% in a single session. Options markets typically price in expected outcomes before the announcement, then react sharply to surprises. IV spikes pre-announcement and crushes post-announcement.
Yes. Crude Oil IV (30-60% normal) is significantly higher than Nifty IV (12-20%). Position sizes should be smaller for crude to account for larger expected price swings.
Regular Crude Oil: 100 barrels per lot. Crude Oil Mini: 10 barrels per lot. Verify current specifications with MCX as they may be updated.
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