Cipla Ltd. Sees Surge in Call Option Activity with 11,838 Contracts at Rs 1,600 Strike

Cipla Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, CIPLA, has seen significant activity with 11,838 call contracts traded, reflecting a turnover of approximately Rs 195.42 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,600, indicating a strategic interest in the stock's future performance.
Today, Cipla's stock has outperformed its sector by 0.58%, marking a positive trend as it has gained 1.25% over the last three days. The stock's current value stands at Rs 1,485.4, which is higher than both the 5-day and 100-day moving averages, although it remains below the 20-day, 50-day, and 200-day moving averages.

Despite this upward momentum, there has been a notable decline in investor participation, with delivery volume dropping by 69.38% compared to the 5-day average. The open interest for the options stands at 5,359 contracts, suggesting ongoing interest in the stock. Overall, Cipla's performance today reflects a mix of positive trends and challenges, highlighting its active status in the market.