MCX Bulldex Options: Monthly Contracts Launched
Why in the news
After one of the strongest gold and silver buying phases in recent years, MCX widened its bullion offering with options, just as prices were correcting.
Key facts
- Product: monthly options on Bulldex.
- Underlying: an index built on gold and silver futures prices.
- Initial expiries: November, December, January 2026.
- Earlier step: Bulldex futures launched in August 2020.
- Standing: India tops the world in options contracts traded (FIA).
- Purpose: more hedging flexibility and participation.
Options basics
An option gives the holder a right, not an obligation, to buy or sell an underlying at a fixed strike price on or before expiry.
| Term | Meaning |
|---|---|
| Call (CE) | Right to buy at a fixed price; bought when prices are expected to rise |
| Put (PE) | Right to sell at a fixed price; bought when prices are expected to fall |
| Strike price | Pre-decided buy or sell price |
| Expiry | Contract end date; Nifty and Bank Nifty options have weekly and monthly expiries |
| Premium | Amount the buyer pays the seller (writer) |
Exam angle
- Exchange: MCX; index: Bulldex.
- Contract type: monthly options.