Surge in Asian Paints Ltd. Call Options: 4,444 Contracts at Rs 2,400 Strike

Asian Paints Ltd. has emerged as one of the most active stocks in the market today, reflecting significant trading activity in its options. The company, a prominent player in the paints industry with a market capitalization of Rs 2,30,371.00 crore, saw notable interest in its call options expiring on July 31, 2025. A total of 4,444 contracts were traded at a strike price of Rs 2,400, resulting in a turnover of Rs 222.31 lakh. The open interest for these options stands at 1,838 contracts, indicating a robust engagement from traders.
In terms of performance metrics, Asian Paints has shown a positive trend, gaining 3.69% over the last three days, with a 1.16% increase today, outperforming the sector's 0.87% and the Sensex's 0.16% returns. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. Additionally, the delivery volume reached 634,000 shares on July 29, marking a 136.33% increase compared to the 5-day average, highlighting rising investor participation.

Overall, Asian Paints continues to demonstrate solid performance and liquidity, making it a focal point for traders in the current market landscape.