Cipla Ltd. Sees Surge in Call Options Activity: 33,054 Contracts at Rs 1580 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, is currently valued at Rs 1570.00. Notably, call options with expiry on July 31, 2025, have seen significant trading activity.
The call option with a strike price of Rs 1580 led the volume with 33,054 contracts traded, generating a turnover of approximately Rs 1,248.20 lakhs and an open interest of 1,995 contracts. Following closely, the strike price of Rs 1600 recorded 31,653 contracts traded and a turnover of Rs 614.86 lakhs, with an open interest of 3,292 contracts. Additionally, the strike price of Rs 1560 saw 19,935 contracts traded, contributing to a turnover of Rs 1,119.85 lakhs and an open interest of 895 contracts.

Despite this activity, Cipla's stock has underperformed its sector by 0.44% today, marking a trend reversal after four consecutive days of gains. The stock has traded within a narrow range of Rs 12.9 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Furthermore, the delivery volume has increased significantly, indicating rising investor participation.

In summary, Cipla Ltd. continues to attract attention in the market, driven by robust options trading, while navigating a slight downturn in its stock performance.