MCX Silver Option Chain, Max Pain & OI
Live MCX Silver option chain, max pain and OI — commodity options analytics few Indian tools offer.
MCX Silver options trade a volatile, globally driven metal across an extended session (9:00 AM to 11:30 PM), well beyond NSE equity hours. Silver is sharper-moving than Gold, which makes its option premiums livelier and its OI shifts more telling.
This page covers the MCX Silver option chain, max pain and open interest, plus the Silver/SilverM relative-value comparison that is a distinctive feature of Quintal Mind.
Reading the Silver Option Chain
The Silver 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. Silver options trade with a strike gap of 1000 and a lot size of 30.
Quintal Mind streams the Silver 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.
Silver Max Pain & Open Interest
Max pain — the strike where the most Silver 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 Silver 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.
Silver PCR & Sentiment
The Silver 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.
Silver vs SilverM Relative Value
The main Silver contract and the smaller SilverM contract track the same metal 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
What is the MCX Silver lot size and strike gap?
MCX Silver options have a lot size of 30 and a strike gap of 1000.
What are MCX trading hours for Silver 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 Silver Chain
Real-time Silver option chain, max pain, open interest, PCR and IV — updated live during market hours.
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