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MCX Crude Oil options analysis

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

Tomorrow: where Crude Oil can go (next trading day)

For the next trading day, options point to about 3.1% either way: Crude Oil between 8,620 and 9,169 (from 8,895).

2026-07-17 O 7,665 H 7,960 L 7,574 C 7,9452026-07-20 O 8,107 H 8,196 L 7,734 C 7,9942026-07-21 O 7,961 H 8,218 L 7,858 C 8,1502026-07-22 O 8,231 H 8,577 L 8,222 C 8,4102026-07-23 O 8,562 H 9,058 L 8,484 C 9,0242026-07-24 O 8,933 H 8,950 L 8,483 C 8,6042026-07-27 O 8,260 H 8,260 L 7,894 C 7,9572026-07-28 O 7,900 H 7,918 L 7,464 C 7,6032026-07-29 O 7,899 H 8,214 L 7,811 C 8,1142026-07-30 O 8,006 H 8,244 L 7,939 C 8,0372026-07-31 O 7,860 H 8,266 L 7,759 C 8,1132026-08-03 O 7,789 H 7,789 L 7,496 C 7,6452026-08-04 O 7,677 H 7,860 L 7,187 C 7,2142026-08-05 O 7,102 H 7,309 L 7,078 C 7,1092026-08-06 O 7,140 H 7,455 L 7,110 C 7,3772026-08-07 O 7,444 H 7,509 L 7,280 C 7,4242026-08-10 O 7,540 H 7,820 L 7,412 C 7,8032026-08-11 O 7,851 H 8,075 L 7,746 C 7,9402026-08-12 O 8,014 H 8,049 L 7,858 C 7,9282026-08-13 O 7,862 H 7,948 L 7,641 C 7,8212026-08-14 O 7,760 H 7,924 L 7,718 C 7,8702026-08-17 O 7,871 H 8,114 L 7,799 C 8,0632026-08-18 O 8,178 H 8,226 L 8,086 C 8,1432026-08-19 O 8,201 H 8,349 L 8,068 C 8,2782026-08-20 O 8,081 H 8,404 L 8,076 C 8,3042026-08-21 O 8,277 H 8,386 L 8,223 C 8,3592026-08-24 O 8,210 H 8,255 L 8,092 C 8,1352026-08-25 O 8,178 H 8,195 L 7,782 C 7,8372026-08-26 O 7,735 H 7,962 L 7,602 C 7,8972026-08-27 O 7,850 H 8,037 L 7,722 C 7,9642026-08-28 O 7,960 H 8,012 L 7,862 C 7,9842026-08-31 O 8,122 H 8,261 L 8,052 C 8,1492026-09-01 O 8,242 H 8,558 L 8,181 C 8,5362026-09-02 O 8,603 H 8,635 L 8,401 C 8,6012026-09-03 O 8,589 H 8,791 L 8,452 C 8,6432026-09-04 O 8,669 H 8,696 L 8,374 C 8,5782026-09-07 O 8,688 H 8,806 L 8,579 C 8,7602026-09-08 O 8,771 H 8,959 L 8,701 C 8,7342026-09-09 O 8,950 H 9,194 L 8,907 C 9,0992026-09-10 O 9,131 H 9,774 L 9,064 C 9,7222026-09-11 O 9,799 H 9,897 L 9,406 C 9,5272026-09-14 O 9,862 H 10,043 L 9,645 C 9,7172026-09-15 O 9,838 H 10,238 L 9,689 C 10,2092026-09-16 O 10,018 H 10,095 L 9,702 C 9,8192026-09-17 O 9,817 H 9,838 L 9,494 C 9,7582026-09-18 O 9,653 H 9,940 L 9,518 C 9,6592026-09-21 O 9,460 H 9,500 L 9,072 C 9,1582026-09-22 O 8,924 H 9,008 L 8,529 C 8,6432026-09-23 O 8,586 H 8,914 L 8,496 C 8,8252026-09-24 O 8,769 H 9,309 L 8,760 C 9,1672026-09-25 O 9,001 H 9,050 L 8,782 C 8,8482026-09-28 O 8,973 H 9,292 L 8,763 C 8,9112026-09-29 O 9,040 H 9,125 L 8,660 C 8,6782026-09-30 O 8,625 H 8,830 L 8,520 C 8,7342026-10-01 O 8,715 H 9,027 L 8,533 C 8,9162026-10-05 O 8,665 H 8,807 L 8,600 C 8,6692026-10-06 O 8,655 H 8,694 L 8,388 C 8,6282026-10-07 O 8,695 H 8,824 L 8,533 C 8,5522026-10-08 O 8,637 H 9,035 L 8,637 C 8,8642026-10-09 O 8,757 H 8,920 L 8,712 C 8,881Upper end 9,169Lower end 8,620Now 8,88117 Jul9 Oct
Lower end 8,620Now 8,895Upper end 9,169

Where Crude Oil can go till 2026-10-15 (6 Days left)

Options traders are pricing in a move of about 6.2% either way. That puts Crude Oil between 8,345 and 9,444 (now 8,895).

2026-07-17 O 7,665 H 7,960 L 7,574 C 7,9452026-07-20 O 8,107 H 8,196 L 7,734 C 7,9942026-07-21 O 7,961 H 8,218 L 7,858 C 8,1502026-07-22 O 8,231 H 8,577 L 8,222 C 8,4102026-07-23 O 8,562 H 9,058 L 8,484 C 9,0242026-07-24 O 8,933 H 8,950 L 8,483 C 8,6042026-07-27 O 8,260 H 8,260 L 7,894 C 7,9572026-07-28 O 7,900 H 7,918 L 7,464 C 7,6032026-07-29 O 7,899 H 8,214 L 7,811 C 8,1142026-07-30 O 8,006 H 8,244 L 7,939 C 8,0372026-07-31 O 7,860 H 8,266 L 7,759 C 8,1132026-08-03 O 7,789 H 7,789 L 7,496 C 7,6452026-08-04 O 7,677 H 7,860 L 7,187 C 7,2142026-08-05 O 7,102 H 7,309 L 7,078 C 7,1092026-08-06 O 7,140 H 7,455 L 7,110 C 7,3772026-08-07 O 7,444 H 7,509 L 7,280 C 7,4242026-08-10 O 7,540 H 7,820 L 7,412 C 7,8032026-08-11 O 7,851 H 8,075 L 7,746 C 7,9402026-08-12 O 8,014 H 8,049 L 7,858 C 7,9282026-08-13 O 7,862 H 7,948 L 7,641 C 7,8212026-08-14 O 7,760 H 7,924 L 7,718 C 7,8702026-08-17 O 7,871 H 8,114 L 7,799 C 8,0632026-08-18 O 8,178 H 8,226 L 8,086 C 8,1432026-08-19 O 8,201 H 8,349 L 8,068 C 8,2782026-08-20 O 8,081 H 8,404 L 8,076 C 8,3042026-08-21 O 8,277 H 8,386 L 8,223 C 8,3592026-08-24 O 8,210 H 8,255 L 8,092 C 8,1352026-08-25 O 8,178 H 8,195 L 7,782 C 7,8372026-08-26 O 7,735 H 7,962 L 7,602 C 7,8972026-08-27 O 7,850 H 8,037 L 7,722 C 7,9642026-08-28 O 7,960 H 8,012 L 7,862 C 7,9842026-08-31 O 8,122 H 8,261 L 8,052 C 8,1492026-09-01 O 8,242 H 8,558 L 8,181 C 8,5362026-09-02 O 8,603 H 8,635 L 8,401 C 8,6012026-09-03 O 8,589 H 8,791 L 8,452 C 8,6432026-09-04 O 8,669 H 8,696 L 8,374 C 8,5782026-09-07 O 8,688 H 8,806 L 8,579 C 8,7602026-09-08 O 8,771 H 8,959 L 8,701 C 8,7342026-09-09 O 8,950 H 9,194 L 8,907 C 9,0992026-09-10 O 9,131 H 9,774 L 9,064 C 9,7222026-09-11 O 9,799 H 9,897 L 9,406 C 9,5272026-09-14 O 9,862 H 10,043 L 9,645 C 9,7172026-09-15 O 9,838 H 10,238 L 9,689 C 10,2092026-09-16 O 10,018 H 10,095 L 9,702 C 9,8192026-09-17 O 9,817 H 9,838 L 9,494 C 9,7582026-09-18 O 9,653 H 9,940 L 9,518 C 9,6592026-09-21 O 9,460 H 9,500 L 9,072 C 9,1582026-09-22 O 8,924 H 9,008 L 8,529 C 8,6432026-09-23 O 8,586 H 8,914 L 8,496 C 8,8252026-09-24 O 8,769 H 9,309 L 8,760 C 9,1672026-09-25 O 9,001 H 9,050 L 8,782 C 8,8482026-09-28 O 8,973 H 9,292 L 8,763 C 8,9112026-09-29 O 9,040 H 9,125 L 8,660 C 8,6782026-09-30 O 8,625 H 8,830 L 8,520 C 8,7342026-10-01 O 8,715 H 9,027 L 8,533 C 8,9162026-10-05 O 8,665 H 8,807 L 8,600 C 8,6692026-10-06 O 8,655 H 8,694 L 8,388 C 8,6282026-10-07 O 8,695 H 8,824 L 8,533 C 8,5522026-10-08 O 8,637 H 9,035 L 8,637 C 8,8642026-10-09 O 8,757 H 8,920 L 8,712 C 8,881Upper end 9,444Lower end 8,345Now 8,88117 Jul9 Oct
Lower end 8,345Now 8,895Upper end 9,444

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 9,000 and most put contracts at 8,500. The "max pain" level is 8,850. These are just where most contracts sit, not guaranteed turning points.

All the numbers (for experienced traders)
ATM IV
49.1%
Expected move
±6.18%
ATM straddle
4.92%
PCR (OI)
1.31
Max pain
8,850
-0.1% from spot
Call / put wall
9,000 / 8,500
Spot / Fut
8,895
Expiry
2026-10-15
6 Days left
Lot
100 barrels
100 / pt

Tomorrow: where Crude Oil Mini (mini) can go (next trading day)

For the next trading day, options point to about 3.2% either way: Crude Oil Mini (mini) between 8,615 and 9,176 (from 8,895).

2026-07-17 O 7,698 H 7,964 L 7,574 C 7,9462026-07-20 O 8,098 H 8,198 L 7,737 C 7,9932026-07-21 O 7,956 H 8,209 L 7,857 C 8,1512026-07-22 O 8,200 H 8,576 L 8,199 C 8,4082026-07-23 O 8,466 H 9,065 L 8,465 C 9,0262026-07-24 O 9,042 H 9,042 L 8,485 C 8,6002026-07-27 O 8,401 H 8,401 L 7,896 C 7,9592026-07-28 O 7,857 H 7,919 L 7,482 C 7,6042026-07-29 O 7,750 H 8,214 L 7,750 C 8,1142026-07-30 O 8,016 H 8,248 L 7,946 C 8,0362026-07-31 O 7,868 H 8,255 L 7,756 C 8,1142026-08-03 O 7,790 H 7,790 L 7,500 C 7,6462026-08-04 O 7,690 H 7,862 L 7,188 C 7,2172026-08-05 O 7,105 H 7,310 L 7,078 C 7,1112026-08-06 O 7,167 H 7,456 L 7,112 C 7,3762026-08-07 O 7,450 H 7,508 L 7,280 C 7,4272026-08-10 O 7,473 H 7,819 L 7,410 C 7,8022026-08-11 O 7,852 H 8,077 L 7,746 C 7,9362026-08-12 O 8,023 H 8,049 L 7,857 C 7,9282026-08-13 O 7,861 H 7,948 L 7,643 C 7,8222026-08-14 O 7,771 H 7,924 L 7,717 C 7,8692026-08-17 O 7,872 H 8,115 L 7,797 C 8,0612026-08-18 O 8,127 H 8,228 L 8,096 C 8,1452026-08-19 O 8,198 H 8,349 L 8,070 C 8,2812026-08-20 O 8,116 H 8,404 L 8,074 C 8,3022026-08-21 O 8,271 H 8,384 L 8,224 C 8,3572026-08-24 O 8,208 H 8,255 L 8,091 C 8,1392026-08-25 O 8,183 H 8,195 L 7,782 C 7,8392026-08-26 O 7,738 H 7,963 L 7,603 C 7,8972026-08-27 O 7,825 H 8,039 L 7,722 C 7,9682026-08-28 O 7,959 H 8,012 L 7,862 C 7,9832026-08-31 O 8,030 H 8,260 L 8,030 C 8,1482026-09-01 O 8,199 H 8,555 L 8,180 C 8,5372026-09-02 O 8,600 H 8,634 L 8,401 C 8,5972026-09-03 O 8,579 H 8,788 L 8,452 C 8,6412026-09-04 O 8,666 H 8,697 L 8,374 C 8,5762026-09-07 O 8,647 H 8,804 L 8,580 C 8,7592026-09-08 O 8,770 H 8,958 L 8,702 C 8,7342026-09-09 O 8,800 H 9,189 L 8,799 C 9,0992026-09-10 O 9,129 H 9,780 L 9,063 C 9,7202026-09-11 O 9,746 H 9,904 L 9,406 C 9,5252026-09-14 O 9,750 H 10,041 L 9,645 C 9,7152026-09-15 O 9,841 H 10,235 L 9,692 C 10,2082026-09-16 O 10,016 H 10,090 L 9,700 C 9,8202026-09-17 O 9,815 H 9,840 L 9,495 C 9,7522026-09-18 O 9,674 H 9,932 L 9,519 C 9,6642026-09-21 O 9,412 H 9,494 L 9,055 C 9,1632026-09-22 O 8,931 H 9,007 L 8,531 C 8,6472026-09-23 O 8,584 H 8,912 L 8,494 C 8,8252026-09-24 O 8,767 H 9,309 L 8,748 C 9,1612026-09-25 O 9,080 H 9,080 L 8,781 C 8,8472026-09-28 O 8,949 H 9,292 L 8,781 C 8,9102026-09-29 O 8,975 H 9,123 L 8,661 C 8,6822026-09-30 O 8,629 H 8,830 L 8,521 C 8,7352026-10-01 O 8,623 H 9,031 L 8,536 C 8,9132026-10-05 O 8,826 H 8,826 L 8,601 C 8,6692026-10-06 O 8,629 H 8,696 L 8,386 C 8,6292026-10-07 O 8,620 H 8,823 L 8,535 C 8,5542026-10-08 O 8,659 H 9,035 L 8,659 C 8,8632026-10-09 O 8,753 H 8,925 L 8,712 C 8,878Upper end 9,176Lower end 8,615Now 8,87817 Jul9 Oct
Lower end 8,615Now 8,895Upper end 9,176

Where Crude Oil Mini (mini) can go till 2026-10-15 (6 Days left)

Options traders are pricing in a move of about 6.3% either way. That puts Crude Oil Mini (mini) between 8,334 and 9,457 (now 8,895).

2026-07-17 O 7,698 H 7,964 L 7,574 C 7,9462026-07-20 O 8,098 H 8,198 L 7,737 C 7,9932026-07-21 O 7,956 H 8,209 L 7,857 C 8,1512026-07-22 O 8,200 H 8,576 L 8,199 C 8,4082026-07-23 O 8,466 H 9,065 L 8,465 C 9,0262026-07-24 O 9,042 H 9,042 L 8,485 C 8,6002026-07-27 O 8,401 H 8,401 L 7,896 C 7,9592026-07-28 O 7,857 H 7,919 L 7,482 C 7,6042026-07-29 O 7,750 H 8,214 L 7,750 C 8,1142026-07-30 O 8,016 H 8,248 L 7,946 C 8,0362026-07-31 O 7,868 H 8,255 L 7,756 C 8,1142026-08-03 O 7,790 H 7,790 L 7,500 C 7,6462026-08-04 O 7,690 H 7,862 L 7,188 C 7,2172026-08-05 O 7,105 H 7,310 L 7,078 C 7,1112026-08-06 O 7,167 H 7,456 L 7,112 C 7,3762026-08-07 O 7,450 H 7,508 L 7,280 C 7,4272026-08-10 O 7,473 H 7,819 L 7,410 C 7,8022026-08-11 O 7,852 H 8,077 L 7,746 C 7,9362026-08-12 O 8,023 H 8,049 L 7,857 C 7,9282026-08-13 O 7,861 H 7,948 L 7,643 C 7,8222026-08-14 O 7,771 H 7,924 L 7,717 C 7,8692026-08-17 O 7,872 H 8,115 L 7,797 C 8,0612026-08-18 O 8,127 H 8,228 L 8,096 C 8,1452026-08-19 O 8,198 H 8,349 L 8,070 C 8,2812026-08-20 O 8,116 H 8,404 L 8,074 C 8,3022026-08-21 O 8,271 H 8,384 L 8,224 C 8,3572026-08-24 O 8,208 H 8,255 L 8,091 C 8,1392026-08-25 O 8,183 H 8,195 L 7,782 C 7,8392026-08-26 O 7,738 H 7,963 L 7,603 C 7,8972026-08-27 O 7,825 H 8,039 L 7,722 C 7,9682026-08-28 O 7,959 H 8,012 L 7,862 C 7,9832026-08-31 O 8,030 H 8,260 L 8,030 C 8,1482026-09-01 O 8,199 H 8,555 L 8,180 C 8,5372026-09-02 O 8,600 H 8,634 L 8,401 C 8,5972026-09-03 O 8,579 H 8,788 L 8,452 C 8,6412026-09-04 O 8,666 H 8,697 L 8,374 C 8,5762026-09-07 O 8,647 H 8,804 L 8,580 C 8,7592026-09-08 O 8,770 H 8,958 L 8,702 C 8,7342026-09-09 O 8,800 H 9,189 L 8,799 C 9,0992026-09-10 O 9,129 H 9,780 L 9,063 C 9,7202026-09-11 O 9,746 H 9,904 L 9,406 C 9,5252026-09-14 O 9,750 H 10,041 L 9,645 C 9,7152026-09-15 O 9,841 H 10,235 L 9,692 C 10,2082026-09-16 O 10,016 H 10,090 L 9,700 C 9,8202026-09-17 O 9,815 H 9,840 L 9,495 C 9,7522026-09-18 O 9,674 H 9,932 L 9,519 C 9,6642026-09-21 O 9,412 H 9,494 L 9,055 C 9,1632026-09-22 O 8,931 H 9,007 L 8,531 C 8,6472026-09-23 O 8,584 H 8,912 L 8,494 C 8,8252026-09-24 O 8,767 H 9,309 L 8,748 C 9,1612026-09-25 O 9,080 H 9,080 L 8,781 C 8,8472026-09-28 O 8,949 H 9,292 L 8,781 C 8,9102026-09-29 O 8,975 H 9,123 L 8,661 C 8,6822026-09-30 O 8,629 H 8,830 L 8,521 C 8,7352026-10-01 O 8,623 H 9,031 L 8,536 C 8,9132026-10-05 O 8,826 H 8,826 L 8,601 C 8,6692026-10-06 O 8,629 H 8,696 L 8,386 C 8,6292026-10-07 O 8,620 H 8,823 L 8,535 C 8,5542026-10-08 O 8,659 H 9,035 L 8,659 C 8,8632026-10-09 O 8,753 H 8,925 L 8,712 C 8,878Upper end 9,457Lower end 8,334Now 8,87817 Jul9 Oct
Lower end 8,334Now 8,895Upper end 9,457

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 10,000 and most put contracts at 8,700. The "max pain" level is 8,850. These are just where most contracts sit, not guaranteed turning points.

All the numbers (for experienced traders)
ATM IV
50.1%
Expected move
±6.31%
ATM straddle
5.02%
PCR (OI)
1.47
Max pain
8,850
-0.1% from spot
Call / put wall
10,000 / 8,700
Spot / Fut
8,895
Expiry
2026-10-15
6 Days left
Lot
10 barrels
10 / pt

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 Crude Oil options

What is the Crude Oil options expected move?

On end-of-day data for 2026-10-09, options imply about ±6.18% for the CRUDEOIL expiry on 2026-10-15. It is a range, not a forecast of direction.

What is the Crude Oil options lot size?

CRUDEOIL: lot 100 barrels; price is quoted per 1 barrel, so P&L is 100 per 1 price point per lot (MCX specs confirmed by the site owner). Confirm with your broker.

Why is there no IV rank for Crude Oil?

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.