Surge in Call Options: 11,294 Contracts for Asian Paints at Rs 2,400 Strike

Asian Paints Ltd., a prominent player in the paints industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ASIANPAINT, saw significant activity with 11,294 call contracts traded, resulting in a turnover of approximately Rs 569.85 lakhs. The options have an expiry date set for April 24, 2025, with a strike price of Rs 2,400. The current underlying value stands at Rs 2,340.35, reflecting a notable market position.
Despite the heightened trading activity, Asian Paints experienced a decline today, opening with a loss of 7.05% and reaching an intraday low of Rs 2,190. This marks a trend reversal after two consecutive days of gains. The stock has outperformed its sector by 0.62%, although it remains lower than the 200-day moving average, while being higher than the 5-day, 20-day, 50-day, and 100-day moving averages.

Investor participation has increased, with a delivery volume of 7.8 lakhs on April 4, up 12.19% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 4.95 crore based on 2% of the 5-day average traded value. Overall, Asian Paints continues to be a focal point in the market, reflecting both volatility and investor engagement.