Surge in Call Option Activity for Bank of Baroda with 4,963 Contracts Traded at Rs 230 Strike

Bank of Baroda has emerged as one of the most active stocks in the public banking sector today, with significant trading activity in its call options. The underlying stock, BANKBARODA, is currently valued at Rs 224.2. Notably, the stock has seen a total of 4,963 contracts traded for call options with a strike price of Rs 230, resulting in a turnover of approximately Rs 899.49 lakhs. The open interest stands at 3,494 contracts, indicating a robust interest in this option.
In terms of performance metrics, Bank of Baroda has outperformed its sector by 1.05%, while the stock has maintained a stable position with a 1-day return of 0.13%. The stock has not experienced any consecutive falls, remaining steady in its returns. Additionally, it is trading above its 50-day moving average but below its 5-day, 20-day, 100-day, and 200-day moving averages.

Investor participation has notably increased, with a delivery volume of 2.02 crore shares on May 6, reflecting a remarkable rise of 427.44% compared to the 5-day average. The stock also boasts a high dividend yield of 3.4%, further enhancing its appeal. Overall, Bank of Baroda's activity today highlights its strong market position and investor interest within the public banking industry.