Cipla Ltd. Sees Surge in Active Call Options Amidst 40,297 Contracts Traded

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 1,486.30. Notably, call options with an expiry date of July 31, 2025, have seen significant trading activity.
Among the most notable transactions, the call option with a strike price of Rs 1,560 recorded 40,297 contracts traded, generating a turnover of approximately Rs 2,139.77 lakhs and an open interest of 2,117 contracts. Similarly, the Rs 1,540 strike price option saw 38,257 contracts traded, with a turnover of Rs 3,124.64 lakhs and an open interest of 1,443. The Rs 1,600 strike price option also attracted attention, with 29,156 contracts traded and a turnover of Rs 532.46 lakhs, alongside an open interest of 3,054.

Despite the heightened activity in options, Cipla's stock has underperformed its sector by 0.86% today, with a 1-day return of -0.65%. However, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a stable performance trend. The stock's liquidity remains robust, with a delivery volume of 17.42 lakhs on July 25, reflecting a 78.5% increase compared to the 5-day average. Overall, Cipla's current market dynamics highlight its active engagement in the options market amidst a mixed performance landscape.