On 20 November 2025, MCX’s call options with a strike price of ₹10,000 expiring on 25 November recorded the highest activity among stock calls. A total of 16,023 contracts were traded, generating a turnover of ₹2082.99 lakhs. The open interest stood at 3,371 contracts, indicating sustained interest in this strike price as the expiry date approaches. The underlying stock price was ₹9,940.5, just shy of the ₹10,000 strike, suggesting that market participants are positioning for a potential upward move in the near term.
MCX’s stock price performance has been notable in recent sessions. The stock hit a new 52-week and all-time high of ₹9,975 on the day, reflecting positive momentum. Over the last two trading days, MCX has delivered a cumulative return of 2.76%, outperforming its sector by 0.96% and the broader Sensex by 1.09%. This relative strength is further supported by the stock trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a sustained uptrend.
Investor participation has also shown signs of strengthening. Delivery volume on 19 November reached 1.6 lakh shares, representing a 35.36% rise compared to the five-day average delivery volume. This increase in delivery volume suggests that investors are not only trading the stock but also taking longer-term positions. Liquidity remains robust, with the stock’s traded value supporting trade sizes up to ₹9.13 crore based on 2% of the five-day average traded value, making it accessible for institutional and retail investors alike.
Under the radar no more! This Large Cap from Cement is emerging from turnaround with solid fundamentals intact. Discover it while it's still relatively hidden!
- - Hidden turnaround gem
- - Solid fundamentals confirmed
- - Large Cap opportunity
The call option activity at the ₹10,000 strike price is particularly significant given the proximity of the underlying stock price. Traders appear to be adopting a bullish stance, anticipating that MCX may breach this level before expiry. The open interest figure of 3,371 contracts at this strike price supports the view that market participants are positioning for a potential breakout or sustained rally.
MCX’s market capitalisation stands at approximately ₹50,656.68 crore, categorising it as a mid-cap stock within the capital markets sector. The sector itself has shown moderate gains, with a one-day return of 0.40%, while the Sensex closed with a 0.28% gain. MCX’s one-day return of 1.37% thus reflects a stronger performance relative to both its sector and the broader market index.
Examining the broader context, the capital markets industry has been witnessing increased volatility and trading volumes as investors position themselves ahead of year-end. MCX, as a key player in commodity derivatives trading, benefits from heightened market activity and investor interest in commodities amid global economic uncertainties. The stock’s recent price action and option market data suggest that investors are factoring in these dynamics, favouring MCX as a potential beneficiary of increased commodity market participation.
Technical indicators reinforce the positive outlook. The stock’s position above all major moving averages indicates strong underlying momentum. The 5-day moving average, often used to gauge short-term trends, is comfortably below the current price, while the 200-day moving average, a long-term trend indicator, also supports the upward trajectory. This alignment across multiple timeframes is typically viewed as a bullish signal by market analysts.
Multi Commodity Exchange of India caught your attention? Explore our comprehensive research report with in-depth analysis of this mid-cap Capital Markets stock – fundamentals, valuations, financials, and technical outlook!
- - Comprehensive research report
- - In-depth mid-cap analysis
- - Valuation assessment included
From a risk perspective, the proximity of the stock price to the ₹10,000 strike price means that option traders are exposed to potential volatility as expiry nears. Should the stock fail to surpass this level, the call options may expire worthless, impacting speculative positions. Conversely, a decisive move above ₹10,000 could trigger further call buying and potentially accelerate the stock’s upward momentum.
Overall, the data points to a market environment where Multi Commodity Exchange of India is attracting bullish interest through its call options market, supported by strong price performance and rising investor participation. The stock’s liquidity and market capitalisation make it a viable candidate for both short-term trading and longer-term investment considerations within the capital markets sector.
Investors and traders monitoring MCX should continue to observe option open interest and volume trends, alongside price movements and sector developments, to gauge the sustainability of the current momentum. The interplay between derivatives activity and underlying stock performance often provides valuable insights into market sentiment and potential price trajectories.
As the expiry date of 25 November 2025 approaches, the coming days will be critical in determining whether MCX can convert the bullish positioning in the options market into tangible gains on the stock price. Market participants will be closely watching for any catalysts or news flow that could influence commodity markets and, by extension, MCX’s trading dynamics.
In summary, Multi Commodity Exchange of India’s recent call option activity and price action reflect a market leaning towards optimism, underpinned by solid trading volumes, rising delivery participation, and technical strength. This combination of factors makes MCX a noteworthy stock to watch in the capital markets space as the month draws to a close.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
