Amber Enterprises Sees Surge in Call Option Activity Amid Bullish Momentum

Robust Call Option Volumes Highlight Investor Confidence

Amber Enterprises (NSE: AMBER), a prominent player in the Electronics & Appliances industry, has emerged as one of the most actively traded stocks in the call options segment this week. Data reveals that call options with strike prices of ₹7,400, ₹7,500, and ₹7,800 expiring on 24 February 2026 have attracted significant volumes, reflecting a bullish positioning by market participants.

The ₹7,400 strike call option recorded the highest number of contracts traded at 5,974, generating a turnover of ₹1,483.94 lakhs and an open interest of 1,432 contracts. Close behind, the ₹7,800 strike call saw 7,184 contracts traded with a turnover of ₹835.43 lakhs and an open interest of 1,698 contracts. The ₹7,500 strike call option also saw substantial activity with 4,439 contracts traded, turnover of ₹944.35 lakhs, and open interest of 1,029 contracts.

These figures are particularly striking given the underlying stock price of ₹7,395.50, indicating that traders are positioning for a potential upside beyond current levels. The concentration of open interest at higher strike prices suggests expectations of continued price appreciation in the near term.

Price Action Supports Bullish Sentiment

Amber Enterprises has outperformed its sector peers and broader benchmarks in recent sessions. The stock has gained 32.74% over the past nine consecutive trading days, a remarkable run that has outpaced the Electronics & Appliances sector’s average returns by 4.64% on the latest trading day. On 10 February 2026, the stock opened with a gap up of 3.56% and touched an intraday high of ₹7,444, marking a 5.62% increase from the previous close.

Technical indicators further reinforce the bullish outlook. Amber Enterprises is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling strong upward momentum. Additionally, delivery volumes have risen by 3.38% compared to the five-day average, with 1.87 lakh shares delivered on 9 February 2026, indicating rising investor participation and conviction.

Liquidity remains robust, with the stock’s average traded value supporting trade sizes of up to ₹6.1 crore, ensuring ease of entry and exit for institutional and retail investors alike.

Mojo Score and Market Cap Insights

Despite the recent bullish price action and option activity, Amber Enterprises carries a Mojo Score of 37.0, categorised as a Sell rating by MarketsMOJO as of 2 January 2026. This represents an upgrade from a previous Strong Sell grade, reflecting some improvement in the company’s fundamentals or market perception. The stock’s market capitalisation stands at ₹25,964 crore, placing it in the Small Cap category with a Market Cap Grade of 3.

The mixed signals from fundamental grading and technical momentum suggest that while the stock is currently favoured by traders for short-term gains, longer-term investors should remain cautious and monitor upcoming earnings and sector developments closely.

Expiry Patterns and Strike Price Concentration

The expiry date of 24 February 2026 is attracting significant open interest accumulation, particularly in call options above the current market price. The clustering of open interest at ₹7,400, ₹7,500, and ₹7,800 strikes indicates that traders are betting on the stock breaching these levels within the next two weeks. This pattern is consistent with a bullish outlook, as investors seek leveraged exposure to potential upside moves.

Open interest at the ₹7,800 strike is the highest at 1,698 contracts, suggesting a strong conviction that the stock could rally beyond this level. The turnover figures also highlight active trading and liquidity in these strikes, which is essential for efficient price discovery and risk management.

Sector and Market Context

Amber Enterprises operates within the Electronics & Appliances sector, which has seen mixed performance amid global supply chain challenges and fluctuating consumer demand. The stock’s outperformance relative to the sector’s 1-day return of -0.37% and the Sensex’s modest 0.32% gain underscores its relative strength.

Investors appear to be favouring Amber Enterprises as a potential beneficiary of sectoral recovery and company-specific catalysts, including new product launches and expansion plans. However, the Sell Mojo Grade advises prudence, signalling that risks remain, particularly from valuation pressures and competitive dynamics.

Investor Takeaway and Outlook

The surge in call option volumes and open interest at strike prices above the current market level reflects a clear bullish sentiment among traders in Amber Enterprises. The stock’s strong price momentum, supported by rising delivery volumes and technical indicators, suggests that short-term upside potential remains intact.

However, the company’s fundamental grading as a Sell by MarketsMOJO and its Small Cap status warrant a cautious approach for long-term investors. Market participants should closely monitor upcoming quarterly results, sector developments, and broader market conditions before committing significant capital.

For traders, the active options market provides ample opportunities to capitalise on volatility and directional moves, but risk management remains paramount given the inherent uncertainties.

Summary of Key Metrics:

• Underlying stock price: ₹7,395.50
• Most active call strikes: ₹7,400, ₹7,500, ₹7,800
• Highest open interest: 1,698 contracts at ₹7,800 strike
• Turnover in call options: ₹1,483.94 lakhs at ₹7,400 strike
• Consecutive gains: 9 days, 32.74% return
• Mojo Score: 37.0 (Sell rating)
• Market cap: ₹25,964 crore (Small Cap)

In conclusion, Amber Enterprises India Ltd is currently a focal point for bullish option traders, buoyed by strong price action and rising investor interest. While the technical setup is encouraging, fundamental caution advises a balanced investment approach.

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