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.
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 — the strike where the most GoldM 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 GoldM 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.
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
Real-time GoldM option chain, max pain, open interest, PCR and IV — updated live during market hours.
Open GoldM Live →