Surge in Active Call Options for Adani Enterprises as 13,899 Contracts Hit Rs 2400 Strike

Adani Enterprises Ltd, a prominent player in the diversified industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, with an underlying value of Rs 2442.5, has seen notable movements in its options market, particularly for the expiry date of May 29, 2025.
The call option with a strike price of Rs 2400 recorded the highest trading volume, with 13,899 contracts exchanged and a turnover of Rs 3704.38 lakhs. Following closely, the Rs 2500 strike price option saw 13,647 contracts traded, generating a turnover of Rs 2010.52 lakhs. The Rs 2600 strike price option also attracted attention, with 11,068 contracts traded and a turnover of Rs 727.46 lakhs. Open interest figures indicate ongoing interest, with 5,808 contracts for the Rs 2600 strike, 4,207 for the Rs 2500 strike, and 3,168 for the Rs 2400 strike.

In terms of performance, Adani Enterprises has outperformed its sector by 2.72%, marking a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 2439.8, reflecting a gain of 6.35%. Additionally, it has maintained higher values than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Overall, the trading activity in Adani Enterprises underscores its liquidity and market presence, with a delivery volume increase of 40.41% compared to the 5-day average, indicating rising investor participation.