MCX Advances Expiry of March Copper and Zinc Options to Expiry  Today on March 23

Revision Driven by Futures Expiry Change

The exchange clarified that the revision in options expiry is directly linked to a change in the underlying futures contracts. The expiry of March 2026 futures contracts has been moved from March 31 to March 30 due to a trading holiday. Since options contracts expire prior to their corresponding futures contracts, the expiry for copper and zinc options has been shifted from March 24 to March 23.

Sensitivity Reports and Key Timelines

MCX stated that revised sensitivity reports for the affected options contracts will be released at the end of the day between March 17 and March 20, 2026. These reports are expected to reflect updated risk parameters following the change in expiry.

The exchange also detailed the schedule for option devolvement. Intimation for devolvement can be issued between March 19 and March 23. The first margin requirement will apply on March 20, while the second margin requirement will be applicable on March 23. Trading in devolved futures positions will commence from March 24, 2026.

System Updates and Advisory to Members

MCX highlighted that the market watch screen may continue to display March 24 as the expiry date; however, the actual contract expiry will be March 23. Updated contract specifications have been made available in system files such as scrips.bcp and MCX_ProductMaster.csv from February 23, 2026.

The exchange has advised its members to take note of the revised timelines and ensure that their clients are informed about the changes to avoid any confusion or operational issues.

MCX Stock Performance

MCX share price have seen notable movement amid these developments. The stock ended over 3% higher at ₹3,553.50 on March 5 after the annoucement. However, on March 23, 2026, as of 11:19 am the stock was trading at ₹2,285.60, down ₹128.90 or 5.34%. The stock opened at ₹2,400, touched a high of ₹2,402.50, and a low of ₹2,280.10 during the session, compared to the previous close of ₹2,414.50.

About MCX

The Multi Commodity Exchange of India, headquartered in Mumbai, is India’s leading national-level electronic commodity derivatives exchange. Established in 2003 and regulated by the Securities and Exchange Board of India, MCX facilitates trading in futures and options across key commodity segments, including metals, energy, and bullion.