MCX Gold Option Chain, Max Pain & OI
Live MCX Gold option chain, max pain and OI — commodity options analytics few Indian tools offer.
MCX Gold options are barely covered by Indian retail analytics platforms, yet they offer a liquid, event-driven market that trades far longer hours than equities (9:00 AM to 11:30 PM). The main Gold contract pairs with the smaller GoldM, creating relative-value and arbitrage opportunities.
This page covers the MCX Gold option chain, max pain and open interest, plus the Gold/GoldM arbitrage that is a distinctive feature of Quintal Mind.
Reading the Gold Option Chain
The Gold option chain lists every available call and put strike for the current expiry on MCX, with last price, volume, open interest, change in OI, implied volatility and bid–ask for each. Gold options trade with a strike gap of 100 and a lot size of 100.
Quintal Mind streams the Gold chain live over a compressed WebSocket, so LTP, OI and IV update in real time during market hours instead of the 3-minute delay on the exchange site. The ATM strike is highlighted and the chain is centred on spot so the relevant strikes are always in view.
Gold Max Pain & Open Interest
Max pain — the strike where the most Gold options expire worthless — is recalculated live as open interest shifts through the day. The highest call OI strike often acts as resistance and the highest put OI strike as support, and Gold frequently gravitates toward the max pain level into expiry.
Watching OI change (not just absolute OI) tells you whether positions at a strike are being built or unwound — the difference between fresh conviction and a fading move.
Gold PCR & Sentiment
The Gold Put-Call Ratio (PCR), computed from total put OI ÷ total call OI, is a quick sentiment gauge: a high PCR leans bullish (heavy put writing), a low PCR leans bearish (heavy call writing). Quintal Mind shows live PCR alongside the chain so you have context before every trade.
Gold vs GoldM Arbitrage
The main Gold contract and the smaller GoldM contract track the same underlying but can diverge in option pricing. Quintal Mind compares them strike by strike to surface options-to-options arbitrage — a structure almost no other Indian retail tool scans.
Frequently Asked Questions
Does Quintal Mind cover MCX Gold options?
Yes — MCX commodity options including Gold/GoldM, Silver/SilverM, Crude and Natural Gas are a distinguishing feature of Quintal Mind, with live chains, max pain, OI and options arbitrage.
What are MCX trading hours for Gold options?
MCX commodity sessions run from 9:00 AM to 11:30 PM, much longer than the NSE equity session.
Other Option Chains
Related Tools
See the Live Gold Chain
Real-time Gold option chain, max pain, open interest, PCR and IV — updated live during market hours.
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