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Trade in Commodity Options

Why Commodity Options?

LP-OIL LP-OIL

Low Capital
Requirement

Easy Options

Limited Risk
for Buyer

Easy Options

Effective Portfolio
Diversification

Easy Options

Lower
Transaction Cost

Easy Options

Multiple Trading
Strategies

Easy Options

Extended Trading
Hours

Easy Options

Explore Commodity Options

exploreOption exploreOption
Easy Options

Bullion

Gold , Gold Mini, Silver, Silver Mini

Easy Options

Energy

Crude Oil, Natural Gas

Easy Options

Base Metals

Copper, Nickel, Zinc

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Why Trade in Commodity Options?

How to Trade in Commodity Options?

FAQs

As a customer of ICICIdirect, you can now trade in commodities options on MCX. It comes with a comprehensive tracking cum risk management solution to give you enhanced leveraging on your trading limits.

In Commodity options trading, you take buy/sell positions in commodities options contracts expiring in different months with various Strike Price. If, during the course of the contract life, the price moves in your favour, you make a profit. In case the price movement is adverse, you incur a loss. To take the buy/sell position on commodities options, you have to place certain % of order value as margin.

An European Put CRUDE Options expiring on 30 May 2022 with a strike price of 8000 is described as OPT-CRUDE-30-May-2022-8000-PE. OPT denotes Option, CRUDE is the commodity, 30-May-2022 is the expiry date of the contract, 8000 is the strike price and PE denotes it is an European Put option.

In 'Commodity' segment click on "Place Order" tab and select Options product, post which you need to define the Underlying. On clicking on "Select contract", the whole list of contracts available in the given underlying expiring in different months would be displayed. Depending on your interest, you can select one of the contracts by clicking on buy / sell link. You need to define the order type i.e. market or limit, Order Validity i.e. Day or IOC (Immediate or Cancel) or GTC (Good Till Cancelled) or GTD (Good Till Date), limit price and stop loss trigger price if any.

Enabled Commodity Options underlying will be displayed for trading on the site when you select contracts either through the Place order link or the Commodity List- Options page.

Trading in Commodity Options through www.icicidirect.com is allowed during the exchange specified timings. Currently the trading hours on MCX for Commodity Options are from Monday to Friday between 9:00 A.M. to 11:30 P.M. (up to 11:55 P.M. on account of day light savings typically between every November and March of the following year). Please note these exchange timings are subject to change from time to time on any day for any reason that exchange may deem fit.

You would be able to trade in Commodity Options, if you are an existing customer with 3-in-1 ICICIdirect.com account or have opened a new trading account and your linked ICICI bank account is more than 6 months old or have securities value above Rs. 100 in your linked ICICI Bank demat account or have uploaded financial documents online. If above criteria is fulfilled, then visit commodity derivatives segment at ICICIdirect and accept Terms & Conditions and submit mandatory declaration. Post this Commodity segment will be enabled in one working day.