The Multi-Commodity Exchange of India Limited (MCX) on March 01, 2026, notified regarding the Modification in the number of Strikes of Crude Oil Options on Futures (100 bbls) and Crude oil Mini Options on Futures (10 bbls) Contracts.
The following has been stated namely: -
• The Exchange has announced a modification to the “Number of Strikes” parameter for MCX Crude Oil Options on Futures (100 bbls) and Crude Oil Mini Options on Futures (10 bbls), effective March 2, 2026, to ensure adequate strike availability and appropriate price range coverage amid ongoing geopolitical tensions and war-related uncertainties. The existing strike range of 25-1-25 has been revised to 75-1-75 for both contracts. The change applies to all running and yet-to-be-launched contracts, and the Exchange retains the discretion to introduce additional strikes if required. Detailed contract specifications are provided in Annexure 1 and Annexure 2.
• The contract specification and trading parameters of the contracts, as specified in Annexure herewith, shall be binding on all the Members of the Exchange and constituents trading through them. Further, for applicable margins, the Members are requested to refer the latest circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.
[Circular No.: MCX/TRD/100/2026]
