Adani Ports Sees 11,133 Call Contracts at Rs 1,460 Strike Price Amid Active Options Trading

Adani Ports & Special Economic Zone Ltd, a prominent player in the transport infrastructure sector, has emerged as one of the most active stocks today. The company’s underlying stock, ADANIPORTS, is currently valued at Rs 1456.3, just 3.38% shy of its 52-week high of Rs 1494.
Today, the stock saw significant activity in its call options, with 9,877 contracts traded for a strike price of Rs 1500, generating a turnover of approximately Rs 987.58 lakhs. Additionally, 11,133 contracts were traded for a strike price of Rs 1460, resulting in a turnover of around Rs 1927.54 lakhs. The open interest for these options stands at 3,859 and 3,771, respectively, indicating a robust interest in these contracts.

In terms of performance, Adani Ports has outperformed its sector by 0.29%, despite a slight decline of 0.12% in its stock price today. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. However, it has experienced a notable drop in delivery volume, which has decreased by 55.5% compared to the 5-day average.

Overall, Adani Ports continues to demonstrate significant activity and resilience in the market, maintaining its position as a key player in the transport infrastructure industry.