CRUDEOILM PCR Live – Crude Oil Mini Put Call Ratio

Track the Crude Oil Mini put-call ratio using open interest and change in open interest, with expiry-wise charts, Max Pain and intraday options sentiment.

Crude Oil Mini Put-Call Ratio

Market closed • Latest session data
1.32put OI higher

Crude Oil Mini PCR is 1.32, meaning put open interest is higher than call open interest. PCR is an open-interest ratio and should be read with price, volume and change in OI before drawing a trading view.

Latest trading session: 27 Jul 2026

Expiry

.

.

Spot Price

Expiry Date

  • Lot Size:

    1

  • PCR:

    1.3211

  • CHG IN OI PCR:

    1.7876

What is Crude Oil Mini PCR?

The Crude Oil Mini Put Call Ratio, or CRUDEOILM PCR, compares activity in put options with activity in call options for the selected MCX expiry. It provides a compact view of how option positions are distributed, but it should not be treated as a direct forecast of price direction.

This page shows three different calculations:

  • Open Interest PCR: total put open interest divided by total call open interest. It represents the balance of outstanding positions.
  • Change-in-OI PCR: change in put open interest divided by change in call open interest. It helps track how positions are being added or reduced during the session.
  • Volume PCR: put option volume divided by call option volume. It reflects trading activity during the selected period.

These ratios answer different questions. OI PCR shows existing positioning, change-in-OI PCR shows the day's position movement and volume PCR shows activity. They should be reviewed together rather than used as interchangeable indicators.

How to read Crude Oil Mini PCR

A PCR above 1 means that the selected put measure is greater than the corresponding call measure. A PCR below 1 means call-side activity is greater. A reading near 1 indicates a relatively balanced put-call distribution. These are mathematical descriptions, not automatic bullish or bearish signals.

The same PCR movement can be created by different option actions. Put writing, put buying, call writing, call buying and position unwinding can all change the ratio. To understand the likely meaning, compare PCR with:

  • the direction of the Crude Oil Mini futures or underlying price;
  • changes in put and call premiums;
  • strike-wise open interest;
  • the selected expiry and time remaining;
  • implied volatility and current market liquidity.

Avoid applying a fixed 'good PCR' threshold across every commodity. Each contract has its own liquidity, strike distribution and historical range. The most useful comparison is the current CRUDEOILM PCR against its own recent values and the current option-chain structure.

Crude Oil Mini-specific market context

CRUDEOILM tracks the broader crude-oil market through a separate mini contract. Its options have their own strikes, open interest, volume and expiry participation, which means the Crude Oil Mini PCR can differ from the standard Crude Oil PCR.

When the mini option chain has lower activity, a few large positions can dominate the ratio. Users should check the absolute put and call OI totals and the number of active strikes before interpreting an extreme reading. A high ratio based on limited positions is not as reliable as a similar reading supported by broad participation.

Crude Oil Mini can still react to global energy news and sharp underlying price changes. During such periods, spreads and premiums may move quickly. PCR should be used to understand the balance of activity, not to assume that one side of the market will immediately win.

How to use Crude Oil Mini PCR with the option chain

Use CRUDEOILM PCR for positions in the mini contract and standard Crude Oil PCR as contextual confirmation. When the ratios conflict, compare liquidity, expiry and strike participation before giving either reading more weight.

Start with the overall ratio, then inspect the strikes carrying the largest put and call open interest. Rising put OI below the current market may indicate a zone participants are defending, while rising call OI above the market may indicate an area of supply or resistance. These levels are not permanent; they can weaken quickly when writers unwind positions.

Use the historical PCR table to compare the current reading with the previous sessions. A value that looks high in isolation may be normal for the contract, while a moderate value may be important if it represents a sharp change from the recent range.

Limitations of Crude Oil Mini PCR

PCR is an aggregated indicator. It does not directly identify whether each option was bought or sold, whether a position is a hedge, or whether a large institutional strategy contains several legs. It may also become unstable when total option activity is low or concentrated at a small number of strikes.

Do not use PCR as a standalone buy or sell signal. It is more useful as a confirmation tool alongside price structure, open-interest distribution, volatility, expiry, liquidity and risk management.

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FAQs

No. PCR summarises the balance of activity, while the option chain shows the strikes, premiums and OI concentrations needed for a complete interpretation.
Not necessarily. Volume counts traded contracts but does not show whether trades opened or closed positions. Compare volume with change in open interest.
Treat the PCR with caution. Low activity can make the ratio unstable and heavily influenced by one strike. Use absolute OI, bid-ask spreads and the standard contract for context.
Check whether put OI is broadly increasing and whether the underlying is holding support. If the move comes from put buying during a decline, the high ratio may reflect risk protection rather than bullish positioning.
They are separate option chains with different participants, positions and liquidity. The underlying direction may be similar, but the ratios do not have to match.
It is the put-call ratio calculated from MCX Crude Oil Mini option data for the selected expiry. Separate values can be calculated from OI, change in OI and volume.
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