MCX Option Sheets

The MCX option sheets show live prices of option spreads on MCX commodities: Custom Butterfly, Cross Butterfly, Ratio and Pulse (1:3:3:1). Each table has a row per strike and a column per wing width, with a buy and a sell price in every cell.

Shows	Net premium of butterfly, cross butterfly, ratio and 1:3:3:1 pulse spreads
Grid	Rows = strike (ATM ± 10 by default), columns = a window of 4 wing widths
Pricing	Live bid and ask of every leg; Buy and Sell side by side
Instruments	MCX GOLD, GOLDM, SILVER, SILVERM, CRUDEOIL, CRUDEOILM, NATURALGAS, NATGASMINI
Updates	Streams live during MCX market hours
Open it	quintalmind.com/sheets → Commodities

What you see

Pick a commodity and the sheet stacks four tiles, each with a CALL and a PUT table. The ATM (at-the-money) strike row, closest to the futures price, is highlighted.

Values are net premium in points: positive is a net credit, negative a net debit.

Custom Butterfly

A three-leg butterfly with a choice of ratio: 1:2:1, 1:3:2, 1:4:3 or 1:5:4. For row strike K and wing W, the Buy cell is:

• 1:2:1 (K is the centre): Buy 1 at K − W, Sell 2 at K, Buy 1 at K + W.
• Other ratios a:b:c (K is the first leg): for calls, Buy a at K, Sell b at K + W, Buy c at K + 2W. For puts, Buy a at K, Sell b at K − W, Buy c at K − 2W.

The Sell cell is the same legs in reverse. The controls are Ratio, Strike Gap, Range (slides the 4-column window of wing widths) and Wings (the step between columns). The table always shows exactly 4 wing columns. The ↑ and ↓ buttons on each table move the call and put strike windows separately.

Cross Butterfly

On MCX symbols the combo butterfly is titled CROSS BUTTERFLY. It prices a call butterfly and a put butterfly together as one six-leg position. MCX shows 5 tables, each with its own span and offset, and one shift control moves all of them.

Ratio

A two-leg ratio spread. For row strike K, offset W and ratio 1:N, the Buy cell is Buy 1 at K and Sell N at K + W for calls, or K − W for puts. The Sell cell is the reverse. The CE and PE ratios are set separately, from 1:0.5 to 1:10 in steps of 0.5. On MCX the Range control slides a window of exactly 4 offset columns.

Pulse 1:3:3:1

A four-leg spread across four equally spaced strikes. For row strike K and width W, the Buy cell on calls is: Sell 1 at K − W, Buy 3 at K, Sell 3 at K + W, Buy 1 at K + 2W. On puts the strikes are K − 2W, K − W, K and K + W with the same 1, 3, 3, 1 pattern. The Sell cell is the reverse.

How to use it

1. Sign in with your broker and open Sheets, then switch the left panel to Commodities.
2. Pick a commodity from the watchlist. For crude oil, open the row to choose between the listed option expiries.
3. Set the ratio, strike gap, range and wings on each tile.
4. Click a cell to see its legs, the margin, Qty / 1 Cr, round-trip charges and a Show Chart button for an intraday chart of that spread.
5. Double-click a cell to mark it, or use Create Alert in the leg popup.
6. To add, remove or reorder tiles, open Profile → Sheet layout → Commodities.

Broker basket

If you signed in with Zerodha, Alice Blue or FYERS, the leg popup also shows Buy and Sell buttons that open the legs as a basket on your broker's own page. Quintal Mind does not place the order.

Related

• MCX futures calendar shows month-to-month and main-vs-mini futures spreads.
• MCX options arbitrage compares main and mini contract options strike by strike.

FAQ

Where can I see live MCX gold and silver option butterfly prices?

On the Quintal Mind Sheets page, under Commodities. Pick GOLD, GOLDM, SILVER or SILVERM and the Custom Butterfly tile shows live call and put butterfly prices by strike and wing width.

Which butterfly ratios are available for MCX options?

1:2:1, 1:3:2, 1:4:3 and 1:5:4. You switch between them with the Ratio buttons above the tables.

Which MCX commodities are covered?

GOLD, GOLDM, SILVER, SILVERM, CRUDEOIL, CRUDEOILM, NATURALGAS and NATGASMINI options.

Are MCX spread prices based on bid and ask?

Yes. Each cell is built from the live bid and ask of every leg. The Buy column is the price for putting the spread on, the Sell column for the reverse trade.