The National Stock Exchange (NSE) said its crude oil options contract recorded its highest-ever daily premium turnover of Rs 2,006.49 crore and a record trading volume of 47,33,862 contracts on July 9, 2026. The exchange also recorded its highest-ever intraday open interest of more than 1,14,000 contracts on the same day.
According to the exchange, the record activity reflects rising participation in its crude oil options contract for trading, hedging, and managing price risk amid a dynamic energy market.
NSE said trading activity in the contract has gained momentum after it revised the expiry schedule, effective November 6, 2025. Under the revised framework, crude oil options now expire seven business days before the expiry of the underlying futures contract, compared with two business days earlier.
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The exchange said the change was introduced in response to market feedback to provide participants with greater trading flexibility, improved risk management opportunities, and better alignment with prevailing market practices. Since the revision, the contract has witnessed sustained growth in premium turnover, trading volumes, and open interest, indicating increased participation from market participants.
NSE had also recorded strong activity on the previous expiry day of the crude oil options contract on June 9, 2026, when 28,64,618 contracts were traded, generating a premium turnover of Rs 1,239.10 crore. On the same day, the crude oil futures contract recorded its highest-ever turnover of Rs 378.32 crore.
The exchange said it will continue to engage with market participants and refine its product offerings to improve liquidity, strengthen risk management avenues, and support efficient price discovery in commodity derivatives.
Separately, NSE said it has also revised the expiry schedule for its natural gas options contract following market feedback. Effective May 25, 2026, natural gas options now expire four business days before the expiry of the underlying futures contract, compared with two business days earlier.
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