Surge in Active Call Options: 5,648 Contracts for Adani Enterprises at Rs 2,350 Strike

Adani Enterprises Ltd, a prominent player in the diversified industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ADANIENT, is currently valued at Rs 2,325.2. Notably, the call options expiring on August 28, 2025, with a strike price of Rs 2,350, have seen significant activity, with 5,648 contracts traded, resulting in a turnover of Rs 91.84 lakhs. The open interest stands at 1,689 contracts, indicating a robust interest in these options.
In terms of performance, Adani Enterprises has outperformed its sector by 0.56% today, marking a trend reversal after five consecutive days of decline. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a cautious outlook. The stock recorded a 1.70% return for the day, while the sector and Sensex returned 0.39% and -0.44%, respectively.

Additionally, the delivery volume of 427,000 shares on August 26 has surged by 66.81% compared to the 5-day average, reflecting rising investor participation. With a market capitalization of Rs 2,62,859 crore, Adani Enterprises continues to be a significant entity in the large-cap segment. Overall, the activity surrounding Adani Enterprises today highlights a notable shift in trading dynamics, warranting attention from market participants.