Live Greeks · iVIX · AAV · Max Pain · PCR — Black-76 model
As of 04:29 am IST, MCX Gold Max Pain sits at ₹1,50,000 for the 2026-10-30 expiry, with a Put-Call Ratio of 0.759 and implied volatility (iVIX) of 22.5% — the market is pricing roughly a ±₹6,030 move by expiry (1 standard deviation, 12d away). See the margin requirements and rollover mechanics for the underlying futures contract.
| Calls (CE) | Strike | Puts (PE) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OI | Chng OI | Vol | Bid/Ask | LTP | Chng | IV% | Price | IV% | Chng | LTP | Bid/Ask | Vol | Chng OI | OI |
· | · | · | · | 10,850.50 | -1,618.00 | · | 1,35,000 | 27.75% | +2.00 | 90.00 | · | · | +397 | 397 |
13 | +13 | · | · | 6,172.50 | -1,456.50 | · | 1,40,000 | 22.81% | -4.50 | 238.00 | · | · | +910 | 910 |
· | · | · | · | 5,332.00 | -1,387.50 | · | 1,41,000 | 22.98% | +42.00 | 353.00 | · | · | +7 | 7 |
· | · | · | · | 4,542.50 | -1,304.00 | · | 1,42,000 | 22.54% | -1.00 | 469.00 | · | · | +90 | 90 |
· | · | · | · | 4,169.50 | -1,257.00 | · | 1,42,500 | 26.41% | +380.50 | 830.00 | · | · | +4 | 4 |
· | · | · | · | 3,812.50 | -1,206.50 | · | 1,43,000 | 22.82% | +11.00 | 669.00 | · | · | +188 | 188 |
4 | +4 | · | · | 4,724.50 | · | 20.75% | 1,44,000 | 22.36% | +17.00 | 862.50 | · | · | +118 | 118 |
119 | +119 | · | · | 3,950.00 | -63.00 | 20.27% | 1,45,000 | 20.96% | -33.00 | 1,017.00 | · | · | +589 | 589 |
· | · | · | · | 2,288.50 | -917.50 | · | 1,45,500 | 28.82% | +720.00 | 1,941.50 | · | · | +1 | 1 |
15 | +15 | · | · | 3,263.50 | -376.00 | 20.12% | 1,46,000 | 20.97% | -17.50 | 1,350.00 | · | · | +113 | 113 |
29 | +29 | · | · | 2,753.50 | -172.00 | 21.02% | 1,47,000 | 20.99% | -5.50 | 1,753.00 | · | · | +62 | 62 |
4 | +4 | · | · | 2,775.00 | +135.50 | 23.81% | 1,47,500 | 22.31% | +6.50 | 2,118.50 | · | · | +5 | 5 |
75 | +75 | · | · | 2,182.00 | +8.50 | 20.6% | 1,48,000 ATM | 21.19% | +52.50 | 2,245.00 | · | · | +125 | 125 |
6 | +6 | · | · | 1,857.00 | -352.00 | 19.76% | 1,48,500 | 26.2% | +408.50 | 3,036.50 | · | · | +2 | 2 |
82 | +82 | · | · | 1,679.00 | -40.00 | 20.15% | 1,49,000 | 20.83% | +68.50 | 2,749.00 | · | · | +66 | 66 |
6 | +6 | · | · | 793.50 | -446.50 | 13.32% | 1,49,500 | 28.41% | +585.00 | 3,831.50 | · | · | +1 | 1 |
785 | +785 | · | · | 1,388.00 | +29.50 | 21.07% | 1,50,000 MAX PAIN | 21.62% | +40.50 | 3,440.00 | · | · | +289 | 289 |
5 | +5 | · | · | 1,400.50 | +470.50 | 22.92% | 1,50,500 | 35.97% | +1,284.50 | 5,218.50 | · | · | +5 | 5 |
91 | +91 | · | · | 1,032.50 | -2.00 | 20.7% | 1,51,000 | 31.88% | +813.50 | 5,115.00 | · | · | +44 | 44 |
6 | +6 | · | · | 916.50 | · | 20.94% | 1,51,500 | 37.95% | +1,366.50 | 6,050.50 | · | · | +2 | 2 |
136 | +136 | · | · | 787.00 | -15.50 | 20.86% | 1,52,000 | 18.52% | -490.00 | 4,590.50 | · | · | +16 | 16 |
5 | +5 | · | · | 870.50 | +380.00 | 23.25% | 1,52,500 | 39.97% | +1,422.50 | 6,912.00 | · | · | +1 | 1 |
144 | +144 | · | · | 629.00 | +9.50 | 21.53% | 1,53,000 | 25.13% | +75.00 | 5,903.50 | · | · | +22 | 22 |
40 | +40 | · | · | 439.00 | -23.50 | 21.18% | 1,54,000 | 20.41% | -663.50 | 6,381.50 | · | · | +9 | 9 |
1.1K | +1.1K | · | · | 374.00 | +3.00 | 22.3% | 1,55,000 | 21.36% | +149.00 | 7,310.50 | · | · | +141 | 141 |
2 | +2 | · | · | 400.00 | +25.00 | 23.84% | 1,55,500 | · | +1,563.00 | 9,713.00 | · | · | · | · |
22 | +22 | · | · | 231.50 | -73.50 | 21.46% | 1,56,000 | 48.44% | +1,576.00 | 10,195.00 | · | · | +1 | 1 |
77 | +77 | · | · | 200.00 | -9.00 | 22.57% | 1,57,000 | · | +1,595.50 | 11,167.00 | · | · | · | · |
1 | +1 | · | · | 34.50 | -32.50 | 16.9% | 1,57,500 | · | +1,602.50 | 11,656.00 | · | · | · | · |
95 | +95 | · | · | 137.50 | -11.00 | 22.49% | 1,58,000 | 53.47% | +1,609.00 | 12,147.50 | · | · | +1 | 1 |
7 | +7 | · | · | 16.50 | -16.50 | 17.21% | 1,59,000 | · | +1,618.50 | 13,134.00 | · | · | · | · |
1.2K | +1.2K | · | · | 100.00 | -2.50 | 24.33% | 1,60,000 | 27.51% | +215.50 | 12,165.00 | · | · | +93 | 93 |
3 | +3 | · | · | 7.50 | -8.00 | 17.48% | 1,60,500 | · | +1,627.00 | 14,621.50 | · | · | · | · |
· | · | · | · | 3.00 | -4.00 | · | 1,62,000 | 63.36% | +1,631.00 | 16,113.00 | · | · | +1 | 1 |
Max Pain is the strike price where the options market is putting the least weight behind a big move. Traders watch it because MCX prices often gravitate toward the Max Pain strike as expiry approaches, though it is not a guarantee.
iVIX is the implied volatility the options market is currently pricing in, derived from live MCX option premiums using the Black-76 model. AAV (Annualized Actual Volatility) is BhaavBrief's read on how much a commodity has actually moved recently — an estimate that can differ by a few points from the figure the exchange publishes. Comparing the two shows the volatility premium — whether options are pricing in more or less movement than has actually occurred recently.
PCR (Put-Call Ratio) reflects how options positioning is leaning across puts and calls for an expiry. Extreme readings are sometimes treated as a contrarian indicator near market turning points.
MCX options are options on futures contracts, not on spot. Black-76 (the Black model) prices options directly off the futures price and is the standard for commodity and futures options worldwide, whereas Black-Scholes assumes an option on a spot asset with a continuous dividend/cost-of-carry adjustment. Using Black-76 gives more accurate implied volatility and Greeks for MCX Gold, Silver, Crude Oil and other futures-based options.