The Multi Commodity Exchange of India Limited (MCX) on September 24, 2026, notified the Commencement of Trading in the Crude Oil January 2027 Options Contract with Crude Oil (100 Barrels) Futures.
The following has been stated:
• MCX has announced the launch of the Crude Oil Options January 15, 2027 contract, available for trading from October 20, 2026, with Crude Oil January 19, 2027 Futures as the underlying contract. The options are European-style Call and Put options, with a trading unit of one Crude Oil futures contract, strike intervals of ₹50, and a tick size of ₹0.10. The maximum single order size is 10,000 barrels (100 lots).
• The option contract will expire two business days before expiry of the underlying futures contract and, on expiry, ITM options will be automatically exercised unless contrary instructions are given. Exercised positions will devolve into corresponding futures positions at the strike price. Initial margins will be based on SPAN, with a minimum 3.5-sigma price scan range, minimum 5% volatility scan range, and minimum 1% extreme loss margin on short options. Separate position limits apply to options, while devolved futures positions exceeding futures limits shall be reduced within two trading days.
[Notification No. - MCX/TRD/540/2026]
