Canara Bank's Call Options Surge with 4,097 Contracts at Rs 140 Strike Price

Canara Bank has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The underlying stock, CANBK, has seen a notable surge, with call options expiring on November 25, 2025, at a strike price of Rs 140. A total of 4,097 contracts were traded, contributing to a turnover of Rs 1,114.49 lakhs, while open interest stands at 2,248 contracts, indicating robust market engagement.
In terms of price performance, Canara Bank reached a new 52-week high of Rs 141.45 today, marking a 3.26% increase. The stock has outperformed its sector by 0.53% and has shown a consistent upward trend, gaining 8.45% over the past three days. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling strong momentum.

Investor participation has also risen, with a delivery volume of 2.9 crore shares on October 31, reflecting a 46.48% increase compared to the 5-day average. The liquidity of Canara Bank remains favorable, with a trade size of Rs 15.96 crore based on 2% of the 5-day average traded value. Overall, Canara Bank's performance today highlights its active status in the market, driven by strong trading metrics and positive price movements.