MCX SilverM Option Chain, Max Pain & OI
Live MCX SilverM option chain, max pain and OI — with Silver vs SilverM arbitrage scanning.
SilverM is the smaller-lot version of MCX Silver, giving traders silver exposure with less capital per lot while tracking the same volatile underlying. It trades the same extended session as the main contract (9:00 AM to 11:30 PM).
Because SilverM and the main Silver contract price the same metal, divergences in their option premiums are arbitrage opportunities — and surfacing them is a distinctive feature of Quintal Mind.
Reading the SilverM Option Chain
The SilverM 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. SilverM options trade with a strike gap of 1000 and a lot size of 5.
Quintal Mind streams the SilverM 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.
SilverM Max Pain & Open Interest
Max pain — the strike where the most SilverM 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 SilverM 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.
SilverM PCR & Sentiment
The SilverM 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 Arbitrage
SilverM and the main Silver 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 SilverM lot size and strike gap?
SilverM options have a lot size of 5 and a strike gap of 1000 — a smaller lot than the main Silver contract, requiring less capital per position.
How does Silver vs SilverM arbitrage work?
SilverM and the main Silver 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 SilverM 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 SilverM Chain
Real-time SilverM option chain, max pain, open interest, PCR and IV — updated live during market hours.
Open SilverM Live →