MCX Changes Expiry for March Copper, Zinc Options to March 23

The Multi Commodity Exchange of India (MCX) has revised the expiry dates for its March 2026 copper and zinc options contracts, advancing them by one day to March 23, 2026, according to a circular issued by the exchange on February 20.

Change Linked to the Futures Contract Revision

The exchange said the revision follows a change in the expiry of the underlying March 2026 futures contracts, which has been moved from March 31 to March 30 due to a trading holiday. Since options contracts expire ahead of their underlying futures, the expiry for the copper and zinc options contracts has been correspondingly shifted from March 24 to March 23, MCX said.

Sensitivity Reports and Development Schedule

MCX added that revised sensitivity reports for the affected options contracts will be released at the end of the day from March 17 to March 20, 2026.

The exchange also outlined the timelines for option devolvement. Intimation for devolvement can be issued between March 19 and March 23, while the first and second margin requirements will apply on March 20 and March 23, respectively. Trading in devolved futures positions will begin on March 24, 2026, it said.

System Updates and Member Advisory

MCX clarified that although the market watch screen may continue to display March 24 as the expiry date, the actual contract expiry will be March 23. Updated contract details will be reflected in system files such as scrips.bcp and MCX_ProductMaster.csv from February 23, 2026.

The exchange has advised members to take note of the revised timelines and inform their clients accordingly.

Also Read: SEBI Introduces Annual Activity Report Framework for AIFs To Ease Compliance

About MCX

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

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