APL Apollo Tubes Sees Surge in Call Options with 4,662 Contracts at Rs 1,700 Strike

APL Apollo Tubes Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, operating within the Steel/Sponge Iron/Pig Iron industry, has seen significant trading activity in its call options, with 4,662 contracts traded for a strike price of Rs 1,700, resulting in a turnover of Rs 844.48 lakhs. The open interest stands at 3,116 contracts, indicating a robust interest in this option.
As of the latest trading session, APL Apollo Tubes is valued at Rs 1,692.5, just 2.32% shy of its 52-week high of Rs 1,728.95. The stock has outperformed its sector by 1.52% today, marking a consecutive gain over the last two days with a total return of 4.7%. It opened with a notable gap up of 2.52%, reaching an intraday high of Rs 1,704.9.

APL Apollo Tubes is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. Additionally, the stock has experienced a significant increase in delivery volume, rising by 101.89% compared to its 5-day average. With a market capitalization of Rs 46,909.98 crore, APL Apollo Tubes continues to demonstrate liquidity and investor interest, solidifying its position in the market.