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MCX Copper options analysis

End-of-day data as of 2026-10-09

Tomorrow: where Copper can go (next trading day)

For the next trading day, options point to about 1.1% either way: Copper between 1,411 and 1,443 (from 1,427).

2026-07-17 O 1,304 H 1,305 L 1,291 C 1,3022026-07-20 O 1,307 H 1,316 L 1,303 C 1,3142026-07-21 O 1,318 H 1,343 L 1,317 C 1,3402026-07-22 O 1,341 H 1,347 L 1,334 C 1,3372026-07-23 O 1,341 H 1,347 L 1,316 C 1,3192026-07-24 O 1,318 H 1,326 L 1,311 C 1,3212026-07-27 O 1,323 H 1,330 L 1,319 C 1,3242026-07-28 O 1,320 H 1,320 L 1,309 C 1,3112026-07-29 O 1,309 H 1,316 L 1,303 C 1,3132026-07-30 O 1,322 H 1,332 L 1,316 C 1,3312026-07-31 O 1,334 H 1,341 L 1,332 C 1,3362026-08-03 O 1,346 H 1,350 L 1,338 C 1,3472026-08-04 O 1,350 H 1,370 L 1,350 C 1,3652026-08-05 O 1,365 H 1,375 L 1,361 C 1,3742026-08-06 O 1,378 H 1,397 L 1,369 C 1,3762026-08-07 O 1,382 H 1,388 L 1,365 C 1,3662026-08-10 O 1,366 H 1,381 L 1,366 C 1,3772026-08-11 O 1,380 H 1,386 L 1,376 C 1,3792026-08-12 O 1,385 H 1,387 L 1,374 C 1,3752026-08-13 O 1,372 H 1,379 L 1,358 C 1,3762026-08-14 O 1,371 H 1,382 L 1,367 C 1,3782026-08-17 O 1,395 H 1,401 L 1,380 C 1,3832026-08-18 O 1,380 H 1,384 L 1,367 C 1,3692026-08-19 O 1,368 H 1,374 L 1,359 C 1,3722026-08-20 O 1,374 H 1,377 L 1,364 C 1,3722026-08-21 O 1,377 H 1,390 L 1,376 C 1,3852026-08-24 O 1,383 H 1,393 L 1,377 C 1,3842026-08-25 O 1,383 H 1,390 L 1,379 C 1,3882026-08-26 O 1,393 H 1,399 L 1,379 C 1,3822026-08-27 O 1,390 H 1,390 L 1,372 C 1,3802026-08-28 O 1,389 H 1,389 L 1,380 C 1,3822026-08-31 O 1,376 H 1,385 L 1,376 C 1,3822026-09-01 O 1,393 H 1,396 L 1,369 C 1,3722026-09-02 O 1,366 H 1,377 L 1,361 C 1,3712026-09-03 O 1,373 H 1,384 L 1,370 C 1,3822026-09-04 O 1,381 H 1,384 L 1,374 C 1,3792026-09-07 O 1,377 H 1,388 L 1,374 C 1,3872026-09-08 O 1,389 H 1,415 L 1,389 C 1,4132026-09-09 O 1,409 H 1,427 L 1,403 C 1,4252026-09-10 O 1,420 H 1,431 L 1,370 C 1,3732026-09-11 O 1,377 H 1,389 L 1,372 C 1,3782026-09-14 O 1,370 H 1,370 L 1,354 C 1,3602026-09-15 O 1,363 H 1,367 L 1,350 C 1,3662026-09-16 O 1,368 H 1,376 L 1,368 C 1,3742026-09-17 O 1,379 H 1,398 L 1,375 C 1,3952026-09-18 O 1,394 H 1,405 L 1,393 C 1,4032026-09-21 O 1,404 H 1,420 L 1,398 C 1,4122026-09-22 O 1,420 H 1,420 L 1,409 C 1,4152026-09-23 O 1,409 H 1,415 L 1,404 C 1,4072026-09-24 O 1,406 H 1,418 L 1,401 C 1,4132026-09-25 O 1,402 H 1,415 L 1,402 C 1,4092026-09-28 O 1,396 H 1,399 L 1,384 C 1,3922026-09-29 O 1,395 H 1,409 L 1,390 C 1,3922026-09-30 O 1,398 H 1,404 L 1,397 C 1,3982026-10-01 O 1,401 H 1,408 L 1,390 C 1,4002026-10-05 O 1,403 H 1,412 L 1,400 C 1,4112026-10-06 O 1,412 H 1,417 L 1,410 C 1,4132026-10-07 O 1,411 H 1,423 L 1,410 C 1,4192026-10-08 O 1,422 H 1,433 L 1,406 C 1,4072026-10-09 O 1,412 H 1,429 L 1,412 C 1,427Upper end 1,443Lower end 1,411Now 1,42717 Jul9 Oct
Lower end 1,411Now 1,427Upper end 1,443

Where Copper can go till 2026-10-23 (14 Days left)

Options traders are pricing in a move of about 3.5% either way. That puts Copper between 1,377 and 1,477 (now 1,427).

2026-07-17 O 1,304 H 1,305 L 1,291 C 1,3022026-07-20 O 1,307 H 1,316 L 1,303 C 1,3142026-07-21 O 1,318 H 1,343 L 1,317 C 1,3402026-07-22 O 1,341 H 1,347 L 1,334 C 1,3372026-07-23 O 1,341 H 1,347 L 1,316 C 1,3192026-07-24 O 1,318 H 1,326 L 1,311 C 1,3212026-07-27 O 1,323 H 1,330 L 1,319 C 1,3242026-07-28 O 1,320 H 1,320 L 1,309 C 1,3112026-07-29 O 1,309 H 1,316 L 1,303 C 1,3132026-07-30 O 1,322 H 1,332 L 1,316 C 1,3312026-07-31 O 1,334 H 1,341 L 1,332 C 1,3362026-08-03 O 1,346 H 1,350 L 1,338 C 1,3472026-08-04 O 1,350 H 1,370 L 1,350 C 1,3652026-08-05 O 1,365 H 1,375 L 1,361 C 1,3742026-08-06 O 1,378 H 1,397 L 1,369 C 1,3762026-08-07 O 1,382 H 1,388 L 1,365 C 1,3662026-08-10 O 1,366 H 1,381 L 1,366 C 1,3772026-08-11 O 1,380 H 1,386 L 1,376 C 1,3792026-08-12 O 1,385 H 1,387 L 1,374 C 1,3752026-08-13 O 1,372 H 1,379 L 1,358 C 1,3762026-08-14 O 1,371 H 1,382 L 1,367 C 1,3782026-08-17 O 1,395 H 1,401 L 1,380 C 1,3832026-08-18 O 1,380 H 1,384 L 1,367 C 1,3692026-08-19 O 1,368 H 1,374 L 1,359 C 1,3722026-08-20 O 1,374 H 1,377 L 1,364 C 1,3722026-08-21 O 1,377 H 1,390 L 1,376 C 1,3852026-08-24 O 1,383 H 1,393 L 1,377 C 1,3842026-08-25 O 1,383 H 1,390 L 1,379 C 1,3882026-08-26 O 1,393 H 1,399 L 1,379 C 1,3822026-08-27 O 1,390 H 1,390 L 1,372 C 1,3802026-08-28 O 1,389 H 1,389 L 1,380 C 1,3822026-08-31 O 1,376 H 1,385 L 1,376 C 1,3822026-09-01 O 1,393 H 1,396 L 1,369 C 1,3722026-09-02 O 1,366 H 1,377 L 1,361 C 1,3712026-09-03 O 1,373 H 1,384 L 1,370 C 1,3822026-09-04 O 1,381 H 1,384 L 1,374 C 1,3792026-09-07 O 1,377 H 1,388 L 1,374 C 1,3872026-09-08 O 1,389 H 1,415 L 1,389 C 1,4132026-09-09 O 1,409 H 1,427 L 1,403 C 1,4252026-09-10 O 1,420 H 1,431 L 1,370 C 1,3732026-09-11 O 1,377 H 1,389 L 1,372 C 1,3782026-09-14 O 1,370 H 1,370 L 1,354 C 1,3602026-09-15 O 1,363 H 1,367 L 1,350 C 1,3662026-09-16 O 1,368 H 1,376 L 1,368 C 1,3742026-09-17 O 1,379 H 1,398 L 1,375 C 1,3952026-09-18 O 1,394 H 1,405 L 1,393 C 1,4032026-09-21 O 1,404 H 1,420 L 1,398 C 1,4122026-09-22 O 1,420 H 1,420 L 1,409 C 1,4152026-09-23 O 1,409 H 1,415 L 1,404 C 1,4072026-09-24 O 1,406 H 1,418 L 1,401 C 1,4132026-09-25 O 1,402 H 1,415 L 1,402 C 1,4092026-09-28 O 1,396 H 1,399 L 1,384 C 1,3922026-09-29 O 1,395 H 1,409 L 1,390 C 1,3922026-09-30 O 1,398 H 1,404 L 1,397 C 1,3982026-10-01 O 1,401 H 1,408 L 1,390 C 1,4002026-10-05 O 1,403 H 1,412 L 1,400 C 1,4112026-10-06 O 1,412 H 1,417 L 1,410 C 1,4132026-10-07 O 1,411 H 1,423 L 1,410 C 1,4192026-10-08 O 1,422 H 1,433 L 1,406 C 1,4072026-10-09 O 1,412 H 1,429 L 1,412 C 1,427Upper end 1,477Lower end 1,377Now 1,42717 Jul9 Oct
Lower end 1,377Now 1,427Upper end 1,477

If the market's estimate is right, price ends inside this zone roughly 2 out of 3 times and outside about 1 in 3.

Busy levels: Most call contracts are open at 1,500 and most put contracts at 1,400. The "max pain" level is 1,420. These are just where most contracts sit, not guaranteed turning points.

All the numbers (for experienced traders)
ATM IV
17.5%
Expected move
±3.48%
ATM straddle
2.76%
PCR (OI)
0.96
Max pain
1,420
-1.7% from spot
Call / put wall
1,500 / 1,400
Spot / Fut
1,427
Expiry
2026-10-23
14 Days left

This is a range implied by option prices, not a prediction. Price can end outside it and we do not say which way.

MCX history is only just starting, so there is no IV rank and no track record yet. We will not claim one.

Common questions about Copper options

What is the Copper options expected move?

On end-of-day data for 2026-10-09, options imply about ±3.48% for the COPPER expiry on 2026-10-23. It is a range, not a forecast of direction.

What is the Copper options lot size?

We do not have a confirmed lot size for Copper yet. Check the contract specification with your broker.

Why is there no IV rank for Copper?

MCX history is only just starting. IV rank needs at least 15 days, and we will not show a rank or a record before then.

Related

What we did NOT find: any reliable way to predict direction. This page is descriptive data, not a call.