Robust Call Option Volumes Highlight Investor Optimism
The most active call options for ABB India Ltd are concentrated around strike prices of ₹6,000, ₹6,050, and ₹6,100, all expiring on 24 February 2026. The ₹6,000 strike call option recorded the highest number of contracts traded at 7,307, generating a turnover of approximately ₹340.5 lakhs. This was closely followed by the ₹6,100 strike with 4,054 contracts traded and a turnover of ₹60.5 lakhs, and the ₹6,050 strike with 3,731 contracts traded, yielding a turnover of ₹101.7 lakhs.
Open interest figures further reinforce the bullish positioning, with the ₹6,100 strike call option holding the highest open interest at 1,545 contracts, followed by ₹6,000 at 1,442 and ₹6,050 at 738. These numbers suggest that traders are not only actively buying calls but are also maintaining their positions, anticipating a potential rally in ABB’s share price.
Underlying Stock Performance Supports Positive Outlook
ABB India Ltd’s underlying stock closed at ₹5,936 on 24 February 2026, just 4.78% shy of its 52-week high of ₹6,260. The stock outperformed its sector by 0.94% on the day, while the broader Sensex declined by 0.89%, highlighting relative strength. Additionally, ABB is trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a sustained uptrend.
However, it is noteworthy that investor participation has shown signs of moderation, with delivery volumes falling by 28.88% against the 5-day average, registering 1.83 lakh shares on 23 February. Despite this, liquidity remains adequate, with the stock supporting trade sizes up to ₹13.64 crores based on 2% of the 5-day average traded value.
While markets shift, this one's charging ahead! This Micro Cap from Aquaculture shows the strongest momentum signals in current conditions. Don't miss out on this ride!
- - Strongest current momentum
- - Market-cycle outperformer
- - Aquaculture sector strength
Mojo Score Upgrade Reflects Improving Fundamentals
MarketsMOJO recently upgraded ABB India Ltd’s Mojo Grade from Sell to Hold on 29 January 2026, reflecting a stabilisation in the company’s fundamentals and market positioning. The current Mojo Score stands at 50.0, indicating a neutral stance with potential for improvement. Despite a Market Cap Grade of 1, which suggests limited upside from a valuation perspective, the stock’s technical and momentum indicators remain constructive.
ABB India Ltd is a large-cap company with a market capitalisation of ₹1,25,481.54 crores, operating within the Heavy Electrical Equipment industry. The sector itself has been under pressure recently, but ABB’s relative outperformance and strong option market activity suggest that investors are selectively bullish on this heavyweight player.
Expiry Patterns and Strike Price Concentration
The concentration of call option activity around the ₹6,000 to ₹6,100 strike prices for the 24 February expiry is telling. Given the underlying price of ₹5,936, these strikes represent out-of-the-money calls that investors are buying in anticipation of a near-term price rally. The substantial turnover and open interest at these strikes indicate that traders expect the stock to breach these levels within the coming week.
Such positioning is often associated with a bullish outlook, as call buyers stand to gain if the stock price rises above the strike price plus premium paid. The relatively high open interest at the ₹6,100 strike, in particular, suggests a strong conviction among market participants that ABB India Ltd could test or surpass this level before expiry.
Risk Considerations and Market Context
While the call option activity signals optimism, investors should remain cautious given the broader market volatility and sector-specific challenges. The decline in delivery volumes hints at some hesitation among long-term holders, which could temper the upside potential. Moreover, the stock’s proximity to its 52-week high means that any adverse news or profit-taking could trigger a pullback.
Nevertheless, the technical strength and positive momentum, combined with the recent Mojo Grade upgrade, provide a balanced view for investors considering exposure to ABB India Ltd. Traders focusing on options should monitor open interest changes and price movements closely as expiry approaches to gauge shifts in market sentiment.
ABB India Ltd or something better? Our SwitchER feature analyzes this large-cap Heavy Electrical Equipment stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Conclusion: A Bullish Tilt with Measured Optimism
In summary, ABB India Ltd’s recent surge in call option volumes and open interest at key strike prices ahead of the 24 February expiry reflects a bullish tilt among traders. The stock’s technical strength, relative outperformance, and Mojo Grade upgrade support this positive outlook. However, investors should weigh these factors against the backdrop of reduced delivery volumes and sector headwinds.
For those considering options strategies, the current activity suggests opportunities to capitalise on potential upside, but prudent risk management remains essential. As expiry approaches, monitoring price action and open interest dynamics will be crucial to realising gains or mitigating losses.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
