Mirae Asset Sharekhan Blog

MCX launches 2 new Commodity Options Contracts in a push towards inclusivity and pocket-friendliness

  • Apr 29, 2025

In a move that pocket-conscious traders will welcome, Multi Commodity Exchange of India (MCX) has launched two new Options Contracts for trading, effective April 23, 2024:

  • Crude Oil Mini Options [with Crude Oil Mini (10 barrels) Futures as underlying]
  • Natural Gas Mini Options [with Natural Gas Mini (250 MMBtu) Futures as underlying]

Tell me more!

Let’s check out the specifications one by one:

Crude Oil Mini

Crude Oil Mini Options contracts will be available for trading as below:

Contract Launch Date

Contract Expiry Date

Contract Expiry Month

April 23, 2024

June 14, 2024

June 2024

April 23, 2024

July 17, 2024

July 2024


Contract Specifications for MCX Crude Oil Mini Options with Crude Oil Mini (10 barrels) Futures as underlying:

Symbol

CRUDEOILM

Underlying

Underlying shall be Crude Oil Mini Futures contract traded on MCX

Description

Options on Crude Oil Mini Futures

Option Type

European Call & Put Options

Contract Listing

Contracts will be available as per the Contract Launch Calendar

Contract Start Day

The next business day immediately after the expiry of the near month futures contracts

Expiry Day (Last Trading Day)

Two business days prior to the Expiry Day of the underlying futures contract

Trading

Trading Unit

One MCX Crude Oil Mini futures contract (10 bbl)

Strikes

25 In-the-money, 25 Out-of-the-money and 1 Near-the money (51 CE and 51 PE). The Exchange, at its discretion, may introduce additional strikes, if required.

Strike Price

Intervals of Rs. 50

Base price

Base price shall be theoretical price on Black 76 option pricing model on the first day of the contract. On all other days, it shall be previous day’s Daily Settlement Price of the contract.

Tick Size (Minimum Price Movement)

Rs. 0.05


For further information pertaining to this Contract’s margins, premium, position limits, and settlement, and to browse through its launch calendar for the year 2024, click MCX/TRD/241/2024.

Natural Gas Mini

Natural Gas Mini Options contracts will be available for trading as below:

Contract Launch Date

Contract Expiry Date

Contract Expiry Month

April 23, 2024

May 24, 2024

May 2024

April 23, 2024

June 21, 2024

June 2024


Contract Specifications for MCX Natural Gas Mini Options with Natural Gas Mini (250 MMBtu) barrels) Futures as underlying:

Symbol

NATGASMINI

Underlying

Underlying shall be Natural Gas Mini Futures contract traded on MCX

Description

Options on Natural Gas Mini Futures

Option Type

European Call & Put Options

Contract Listing

Contracts will be available as per the Contract Launch Calendar

Contract Start Day

The next business day immediately after the expiry of the near month futures contracts

Expiry Day (Last Trading Day)

Two business days prior to the Expiry Day of the underlying futures contract

Trading

Trading Unit

One MCX Natural Gas Mini Futures Contract (250 MMBtu)

Strikes

15 In-the-money, 15 Out-of-the money and 1 Near-the-money (31CE and 31 PE). The Exchange, at its discretion, may introduce additional strikes, if required.

Strike Price

Intervals of Rs. 5

Base price

Base price shall be theoretical price on Black 76 option pricing model on the first day of the contract. On all other days, it shall be previous day’s Daily Settlement Price of the contract.

Tick Size (Minimum Price Movement)

Rs. 0.05


For further information pertaining to this Contract’s margins, premium, position limits, and settlement, and to browse through its launch calendar for the year 2024, click MCX/TRD/242/2024.

References: Circulars MCX/TRD/241/2024 and MCX/TRD/242/2024, dated April 19, 2024.
OPEN FREE* DEMAT AND TRADING ACCOUNT IN 15 MIN**

Limited Period Offer

Recent posts

Introducing IPOs – Initial Public Offerings

Jul 1, 2025

There is something almost paradoxical about Initial Public Offerings, better known as IPOs; on one hand, you seem to know prec

Read More

7 metrics that indicate the growth potential of the Indian stock market

Jun 13, 2025

In the last five years, there have been many conflicts and adversities that have affected economies negatively. The Covid-19 pandemic wreaked havoc on global markets, just as military conflicts in Ukraine and the Middle East continue to exert head

Read More

Know How to use Demat Account?

Jun 2, 2025

A demat account allows investors to buy, store and sell shares in their dematerialized form. Just like a bank account is for your money, demat account is for your stocks and other equity-related investments.

Read More

How a Demat Account Works: A Complete Process Guide

Jun 2, 2025

Demat Account converts your stocks and other equity-related investments into electronic format. Just like a bank account is for your money, a demat account is for your investment portfolio.

Read More

What is Demat Account and How does it Work?

Jun 2, 2025

Once an investor decides to trade in online equity shares and other investment options like mutual funds, bonds, government securities, and exchange-traded funds, he can approach a Depository Participant registered with either the NSDL or the CDSL

Read More
Team Mirae Asset Sharekhan
by Team Mirae Asset Sharekhan

Guiding Wealth Creation since 1995

We've been ranked as India’s No. 1 Retail Broker by Asiamoney Brokers Poll 2023. Here, we bring you the latest in the world of Trading and Investments in our effort to Make the Markets work for YOU!

Recent posts

Introducing IPOs – Initial Public Offerings

1 Jul 2025

There is something almost paradoxical about Initial Public Offerings, better known as IPOs; on one hand, you seem to know prec

Read More

7 metrics that indicate the growth potential of the Indian stock market

13 Jun 2025

In the last five years, there have been many conflicts and adversities that have affected economies negatively. The Covid-19 pandemic wreaked havoc on global markets, just as military conflicts in Ukraine and the Middle East continue to exert head

Read More

Know How to use Demat Account?

2 Jun 2025

A demat account allows investors to buy, store and sell shares in their dematerialized form. Just like a bank account is for your money, demat account is for your stocks and other equity-related investments.

Read More

How a Demat Account Works: A Complete Process Guide

2 Jun 2025

Demat Account converts your stocks and other equity-related investments into electronic format. Just like a bank account is for your money, a demat account is for your investment portfolio.

Read More

What is Demat Account and How does it Work?

2 Jun 2025

Once an investor decides to trade in online equity shares and other investment options like mutual funds, bonds, government securities, and exchange-traded funds, he can approach a Depository Participant registered with either the NSDL or the CDSL

Read More
OPEN FREE* DEMAT ACCOUNT