The Multi-Commodity Exchange of India Limited (MCX) notified on January 29, 2026, regarding modifications to the Natural Gas Options Contract with Natural Gas (1,250 MMBTU) and the Natural Gas Mini Options Contract with Natural Gas Mini (250 MMBTU).
The following has been stated:
• MCX has issued a modification to the Natural Gas Options and Natural Gas Mini Options contracts effective February 09, 2026. The circular expands the number of available strike prices for both the standard Natural Gas Options (on 1,250 MMBTU futures) and the Natural Gas Mini Options (on 250 MMBTU futures) from the existing structure of 15-1-15 to 30-1-30 strike levels (i.e., more in-the-money and out-of-the-money strikes), enhancing contract depth and liquidity.
• It also sets out the detailed contract specifications and trading parameters — such as contract listing, trading period and session, underlying quotation, strike price intervals, tick size, price limits, margining (SPAN-based), position limits, margin period of risk, mark-to-market rules, settlement/devolvement mechanics at expiry, and other risk parameters — for both Natural Gas and Natural Gas Mini Options, and makes these specifications binding on all members and constituents.
[Notification no. - MCX/TRD/053/2026]
