Robust Call Option Volumes Highlight Investor Optimism
The most active call options for BSE Ltd are clustered around strike prices ranging from ₹3,000 to ₹3,400, with expiry set for 24 February 2026. Notably, the strike price of ₹3,100 recorded the highest number of contracts traded at 11,478, generating a turnover of ₹5961.39 lakhs and an open interest of 2,430 contracts. This is closely followed by the ₹3,150 strike with 10,540 contracts traded and a turnover of ₹4644.19 lakhs.
Other significant strike prices include ₹3,000 with 7,561 contracts traded and an impressive turnover of ₹5518.21 lakhs, and ₹3,400 with 7,011 contracts traded, though with a comparatively lower turnover of ₹974.62 lakhs. The ₹3,250 strike also saw substantial activity, with 5,358 contracts traded and a turnover of ₹1552.75 lakhs.
The underlying value of BSE Ltd shares currently stands at ₹3,165, indicating that investors are positioning for a potential upside beyond current market levels. The concentration of open interest at strikes above the current price suggests a consensus expectation of upward momentum in the near term.
Price Performance and Technical Strength
BSE Ltd outperformed its sector by 5.8% on 10 February 2026, delivering a one-day return of 5.99% compared to the sector’s decline of 0.25% and the Sensex’s modest gain of 0.32%. The stock’s recent rally culminated in a fresh 52-week high of ₹3,175, underscoring strong investor confidence.
Technically, BSE Ltd is trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling a sustained uptrend. This technical strength is further supported by rising investor participation, with delivery volumes on 9 February reaching 19.95 lakh shares, a 39.33% increase over the five-day average. Such heightened liquidity and participation reinforce the bullish narrative.
Market Capitalisation and Quality Metrics
With a market capitalisation of ₹1,21,583 crores, BSE Ltd is classified as a mid-cap stock within the capital markets industry. The company’s Mojo Score stands at an impressive 90.0, reflecting a strong buy recommendation, upgraded from a previous buy rating on 6 February 2026. Despite a moderate market cap grade of 2, the stock’s quality metrics and trend assessments remain robust, making it an attractive proposition for investors seeking exposure to the capital markets sector.
This week's disclosed pick, a Large Cap from NBFC, comes with precise Target Price and analysis. Check if you're positioned right for this opportunity!
- - Precise target price set
- - Weekly selection live
- - Position check opportunity
Expiry Patterns and Investor Positioning
The expiry date of 24 February 2026 is shaping up as a critical juncture for BSE Ltd’s options market. The clustering of call option activity at strikes slightly above the current market price indicates that investors are betting on continued price appreciation over the next two weeks. Open interest data corroborates this, with the highest open interest recorded at the ₹3,000 strike (3,083 contracts), followed by ₹3,400 (1,423 contracts) and ₹3,100 (2,430 contracts).
This pattern suggests a layered approach by market participants, with some favouring in-the-money strikes such as ₹3,000 and ₹3,100 for more conservative upside exposure, while others are targeting higher strikes like ₹3,400 for leveraged gains. The substantial turnover figures across these strikes highlight active trading and liquidity, which is crucial for efficient price discovery and risk management.
Sector Context and Comparative Analysis
Within the capital markets sector, BSE Ltd’s performance stands out. While the sector experienced a slight decline of 0.25% on the day, BSE Ltd’s 5.99% gain underscores its relative strength. This outperformance is supported by the company’s strong fundamentals and positive technical signals, which have attracted increased investor interest.
Compared to the broader Sensex, which rose by 0.32%, BSE Ltd’s rally is significant, reflecting its potential as a mid-cap growth story within the financial services space. The stock’s liquidity, measured by a 2% threshold of the five-day average traded value, supports trade sizes up to ₹28.21 crores, making it accessible for institutional and retail investors alike.
Thinking about BSE Ltd? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this mid-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Outlook and Investor Considerations
Given the strong call option activity, positive price momentum, and upgraded Mojo Grade to Strong Buy, BSE Ltd appears well-positioned for further gains in the near term. Investors should monitor the upcoming expiry closely, as the concentration of open interest and turnover at key strike prices may influence price volatility.
While the bullish sentiment is evident, prudent investors should also consider broader market conditions and sector dynamics. The capital markets sector can be sensitive to macroeconomic factors and regulatory developments, which may impact stock performance. Nonetheless, BSE Ltd’s current technical and fundamental profile supports a constructive outlook.
In summary, the surge in call option volumes and open interest at strikes above the current market price reflects a confident investor base anticipating continued upside. This, combined with strong delivery volumes and technical strength, makes BSE Ltd a compelling candidate for those seeking exposure to India’s capital markets growth story.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
