MCX Natural Gas Option Chain
A real-time MCX Natural Gas option chain, streamed straight from the MCX feed. Every strike carries last-traded price, open interest and today's OI change, implied volatility, volume and the full greeks, with the at-the-money strike highlighted and the futures price and PCR live above the table. Below it you get open interest charted by strike, the call and put walls that act as resistance and support, and Max Pain.
Option Chain
— · live LTP, OI & greeks across — strikes.
About MCX Natural Gas
Natural Gas is the most volatile contract MCX lists. It is driven by US weather forecasts, storage reports and pipeline flows, and it is entirely capable of moving double digits in percentage terms in a single session with no Indian news at all.
How to read the MCX Natural Gas option chain
Calls sit on the left of the table, puts on the right, and the strike price runs down the middle. The at-the-money strike is highlighted, and in-the-money rows are shaded on each side — so the shading crosses over at the money, which is the fastest way to find where price actually is.
Four columns carry most of the information. LTP is the last traded premium. OI is how many contracts remain open at that strike, and OI change is how that has moved today — the difference between a level that has been crowded for a week and one that is being built right now. IV is the implied volatility the market is charging, and comparing it across strikes shows you the skew: which side traders are paying up to own.
Implied volatility on this chain runs far above anything in the equity segment, and it has earned that: realised volatility here is genuinely enormous. The consequence is a straddle premium that looks expensive relative to the underlying's price, and short-premium positions that are considerably more dangerous than the same structure on an index.
Below the table, open interest is charted by strike so the walls are visible at a glance, alongside Max Pain and the put-call ratio. Hovering any cell brings up that leg's day open, high, low, previous close, greeks and last trade time.
MCX Natural Gas contract specifications
- Exchange
- MCX
- Underlying
- MCX Natural Gas futures
- Lot size
- 1250
- Contract size
- 1,250 mmBtu
- Quoted in
- rupees per mmBtu
- Expiry cycle
- Monthly, expiring into the underlying futures contract
- Trading hours
- 9:00 AM to 11:30 PM IST, Monday to Friday (the evening close shifts to 11:55 PM while US daylight saving is in effect)
Lot sizes and expiry cycles are revised by the exchanges from time to time. Confirm against the current MCX contract specification before sizing a position — the days-to-expiry shown above the live data is always taken from the contract actually being streamed.
MCX Natural Gas option chain — common questions
How do I read open interest on the MCX Natural Gas chain?
Open interest is the number of contracts still open at a strike, and its change through the day is the useful part. Rising OI with a rising premium is fresh buying; rising OI with a falling premium is fresh writing. The strike carrying the largest call OI tends to act as resistance and the largest put OI as support. Implied volatility on this chain runs far above anything in the equity segment, and it has earned that: realised volatility here is genuinely enormous. The consequence is a straddle premium that looks expensive relative to the underlying's price, and short-premium positions that are considerably more dangerous than the same structure on an index.
What does the MCX Natural Gas PCR tell me?
The put-call ratio is total put open interest divided by total call open interest across the strikes on this page. Above roughly 1.0 more puts are open than calls, which is conventionally read as bullish positioning because puts are predominantly written; below 1.0 the reverse. It is a positioning gauge, not a signal, and it is most informative when you watch it move rather than when you read a single value.
What is Max Pain on MCX Natural Gas?
Max Pain is the strike at which the total intrinsic value of all in-the-money options — the amount option writers would have to pay out — is at its minimum. The theory is that price gravitates toward it into expiry because writers are the better-capitalised side. Treat it as one input among several: it is computed from the current open-interest snapshot and it moves as that snapshot changes.
Why is natural gas implied volatility so high?
Because realised volatility earns it. Natural gas is driven by US weather forecasts, storage reports and pipeline flows, and it can move double digits in percentage terms in one session. The chain is not overpricing risk here — it is pricing an instrument that genuinely does that.
Is selling natural gas options a good idea?
The premium looks generous for exactly the reason it is dangerous. Short-premium positions on natural gas carry far more tail risk than the same structure on an equity index, because the underlying's distribution has much fatter tails. Size accordingly, and understand that margin, not premium, is what determines whether you survive a move.
Is this MCX Natural Gas option chain live?
Yes. Bullmatics holds one streaming connection to the exchange feed and fans every tick out to all visitors over a single websocket, so the option chain on this page updates in real time during market hours (9:00 AM to 11:30 PM IST, Monday to Friday (the evening close shifts to 11:55 PM while US daylight saving is in effect)). Outside those hours it shows the last completed session rather than going blank.
What is the MCX Natural Gas option lot size?
MCX Natural Gas options trade in lots of 1250, quoted in rupees per mmBtu, and one lot represents 1,250 mmBtu of the underlying. So a premium of 100 is worth 1,25,000 rupees per lot. Exchanges revise lot sizes periodically — check the current MCX contract specification before you size a position.
Do I need an account or a broker login to use this?
No. There is no signup, no broker login and no paywall. The option chain above is the same data every other visitor sees, streamed from one shared market connection. Bullmatics is an analytics and education tool only — you cannot place orders here, and nothing on this page is investment advice.
What are the MCX Natural Gas option trading hours?
MCX Natural Gas options trade 9:00 AM to 11:30 PM IST, Monday to Friday (the evening close shifts to 11:55 PM while US daylight saving is in effect), and the exchange is closed on its published trading holidays. The evening session is when MCX contracts do most of their moving, because that is when US markets are open and the news that drives commodities lands.
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Bullmatics is an independent analytics and education tool. It is not a SEBI-registered investment adviser or research analyst, and nothing on this page is investment advice or a recommendation to trade. Market data is provided on a best-effort basis and may be delayed or incomplete.