As we have already discussed commodity futures previously, let us now start with commodity options. It is very similar to any other option contracts like that of stock options or index options. It offers a choice of whether to exercise the contract or not at expiry.
Commodity options are available on both the MCX and NCDEX exchanges.
Here is the option contract of Gold on MCX:
Here is the call option contract of Soybean on NCDEX: