MCX options
MULTI COMMODITY EXCHANGE option chain and implied move
| Metric | Value | Read |
|---|---|---|
| Market-implied move | ±₹83.00 | ±2.75% to the Tuesday, 27 October 2026 expiry, from the at-the-money straddle |
| Implied range | ₹2,937.30 – ₹3,103.30 | What option prices imply, not a forecast of where the stock will trade |
| Max pain | ₹3,200 | The strike at which the largest value of written options would expire worthless |
| Heaviest put strike | ₹3,100 | 3,18,825 contracts — the largest put position on the chain |
| Heaviest call strike | ₹3,300 | 9,78,075 contracts — the largest call position on the chain |
| Put-call ratio | 0.41 | Total put open interest divided by total call open interest across the chain |
| Implied volatility (ATM) | 33.30% | At-the-money implied volatility for the front expiry |
- Market-implied move
- ±₹83.00
- Implied range
- ₹2,937 – ₹3,103
- Max pain
- ₹3,200
- Implied volatility
- 33.30%
±2.75% over 4 days, from the ₹3,000 straddle
What option prices imply, not a forecast of where the stock will trade
₹180 above the close
At the money, for the front expiry
Implied rangeMax painLast close
Heaviest put ₹3,100Heaviest call ₹3,300ATM ₹3,000 · PCR 0.41
At the close on Friday, 23 October 2026, MULTI COMMODITY EXCHANGE options were pricing a move of ±₹83.00 by the Tuesday, 27 October 2026 expiry — a range of ₹2,937.30 to ₹3,103.30 against a closing price of ₹3,020.30. The figure is the at-the-money straddle at the ₹3,000 strike, which is what the options market itself is charging for the move to expiry. It describes the price of that expectation, not a forecast MarketCue makes.
Max pain sits at ₹3,200, ₹179.70 above the closing price — the strike at which the largest value of written options would expire worthless. The heaviest put position on the chain is at ₹3,100 with 3,18,825 contracts, and the heaviest call position at ₹3,300 with 9,78,075 contracts. Open interest describes where positions have been built; it is not a commitment by anyone to defend a price.
At-the-money implied volatility was 33.30% for the Tuesday, 27 October 2026 expiry. Realised volatility for MULTI COMMODITY EXCHANGE is not yet available for comparison.
This page is a record of where MULTI COMMODITY EXCHANGE's chain finished on Friday, 23 October 2026, not a live feed — the next reading follows tomorrow's close. Figures are derived from the NSE option chain via Upstox; max pain, the implied move, put-call ratio and the volatility comparison are MarketCue's own calculations from that data. MarketCue is not a registered investment adviser, research analyst or broker under SEBI regulations, and nothing here is a recommendation to buy or sell any security.
Read the full MarketCue scoring methodology
Source: NSE option chain via Upstox. .
Frequently asked questions
- What move are MULTI COMMODITY EXCHANGE options pricing this expiry?
- ±₹83.00, or 2.75%, giving a range of ₹2,937.30 to ₹3,103.30 by Tuesday, 27 October 2026. The figure is derived from the at-the-money straddle at the ₹3,000 strike.
- What is MULTI COMMODITY EXCHANGE's max pain?
- ₹3,200 at the last close, against a closing price of ₹3,020.30. Max pain is the strike at which the largest value of written options would expire worthless.
- Where is support and resistance in the MULTI COMMODITY EXCHANGE option chain?
- The largest put position sits at ₹3,100 with 3,18,825 contracts, and the largest call position at ₹3,300 with 9,78,075 contracts. Traders commonly read heavy open interest at a strike as a level, though open interest describes positioning rather than any commitment to defend a price.
- What is the lot size for MULTI COMMODITY EXCHANGE options?
- 225 shares per lot, with strikes in steps of ₹50. At the implied move of ±₹83.00, one lot corresponds to ±₹18,675 of notional movement.