MCX GoldM Option Chain, Max Pain & OI
Live MCX GoldM option chain, max pain and OI — with Gold vs GoldM arbitrage scanning.
GoldM is the smaller-lot version of MCX Gold, designed for traders who want gold exposure with less capital per lot. It tracks the same underlying as the main Gold contract and trades the same extended session (9:00 AM to 11:30 PM).
Because GoldM and the main Gold contract price the same metal, any gap in their option premiums is an arbitrage opportunity — and surfacing it is a distinctive feature of Quintal Mind.
Free GoldM Straddle Chart
Track ATM call-plus-put premium and spot through the session. No login required.
Open the GoldM straddle chart →Reading the GoldM Option Chain
The GoldM 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. GoldM options trade with a strike gap of 100 and a lot size of 10.
Quintal Mind streams the GoldM 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.
GoldM Max Pain & Open Interest
Max pain is the candidate settlement price that minimises the combined intrinsic payout of outstanding GoldM calls and puts for one expiry, weighted by open interest. It can change as OI changes and does not predict where the underlying will settle. Call and put OI concentrations show positioning, not guaranteed resistance or support.
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.
GoldM PCR & Sentiment
The GoldM 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
GoldM and the main Gold contract track the same metal, so divergences in their option pricing represent options-to-options arbitrage. Quintal Mind's mcx-options-arbitrage tool compares the two strike by strike to flag mispriced legs — a scan almost no other Indian retail tool offers.
Frequently Asked Questions
What is the MCX GoldM lot size and strike gap?
GoldM options have a lot size of 10 and a strike gap of 100 — a smaller lot than the main Gold contract, requiring less capital per position.
How does Gold vs GoldM arbitrage work?
GoldM and the main Gold contract price the same underlying, so when their option premiums diverge there is an arbitrage. Quintal Mind's mcx-options-arbitrage tool scans both chains strike by strike to surface these mispriced legs.
What are MCX trading hours for GoldM 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 GoldM Chain
The full real-time GoldM option chain — every strike with LTP, OI, change in OI, IV and bid–ask — is available after a free sign-up.
Open GoldM Live →