Which commodity options contracts can be traded on Kite?
The MCX options contracts that can be traded on Kite are:
| Contracts | Lot size |
| COPPER | 2500 KGS (Kilograms) |
| CRUDE OIL | 100 BBL (Barrell) |
| GOLD | 1 KG (Kilogram) |
| GOLDM | 100 Grams |
| NATURAL GAS | 1250 MMBTU (Metric Million British Thermal Unit) |
| SILVER | 30 KGS (Kilograms) |
| SILVER M | 5 KGS (Kilograms) |
| ZINC | 5 MT (Metric tonnes) |
Only the current month's commodity options contracts can be traded in Zerodha. The next month's options contract becomes available for trading one day prior to the expiry of the current month's contract. However, two months' options contracts are allowed for energy contracts (Natural Gas, NG Mini, Crude Oil, and Crude Mini), and MIS is allowed for these energy options contracts. MIS is blocked for all other commodity options contracts. For MCX Futures, all three-month contracts are available for trading, and MIS is allowed for these contracts as well.
In MCX contracts in India, the lot size refers to the standardized quantity or volume of a specific commodity traded in a single contract. It represents the minimum quantity of the commodity that can be bought or sold in a single transaction on the MCX. The settlement type and the last dates of trading can be found on this list (DOC).
Example Scenario
- The lot size for gold contracts on MCX is 1 kilogram, allowing traders to buy or sell gold in multiples of 1 kilogram.
- If a trader purchases one lot of gold contracts, they are transacting with 1 kilogram of gold.
- Likewise, if a trader sells one lot, they are selling 1 kilogram of gold.
To learn more, visit zerodha.com/varsity/chapter/gold-part-1.
Did you know? Market orders are blocked for MCX options due to illiquidity. Only Limit and SL orders are allowed. To learn more, see What are limit and market orders? and What are stop loss orders and how to use them?
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