Surge in Call Options: Bharat Electronics Sees 6,906 Contracts at Rs 370 Strike

Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, which has a market capitalization of Rs 2,68,890.21 crore, saw notable movements in its options market with two key strike prices.
For the call option with a strike price of Rs 380, 5,876 contracts were traded, generating a turnover of approximately Rs 1,387.90 lakh, while open interest stood at 3,169 contracts. Meanwhile, the Rs 370 strike price option saw even higher activity, with 6,906 contracts traded and a turnover of around Rs 2,449.70 lakh, alongside an open interest of 2,903 contracts. The underlying value of BEL is currently at Rs 367.65.

Today, Bharat Electronics reached a new 52-week high of Rs 373.5, marking a 2.64% increase. The stock has outperformed its sector by 0.26% and has shown a remarkable 20.84% gain over the past week, continuing a streak of seven consecutive days of growth. It opened with a gap up of 2.47% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

With a delivery volume of 2.46 crore shares on May 16, reflecting a 32.99% increase against the 5-day average, Bharat Electronics demonstrates robust liquidity, suitable for trades up to Rs 20.8 crore. Overall, the activity surrounding Bharat Electronics today underscores its strong market position and investor engagement.