Multi Commodity Exchange of India Ltd will launch options trading with crude oil (100 barrels) futures as the underlying on May 15, 2018. The exchange received SEBIs approval for the launch last week. The crude oil option contracts on the exchange platform will complement its popular crude oil. Two crude oil options contracts expiring on June 15, 2018 and July 17, 2018 will be available for trading on the day of the launch. The lot size of the option contract is same as the underlying crude oil futures contract (100 barrels).