Surge in Call Option Activity for Coal India Ltd. with 8,323 Contracts at Rs 400 Strike

Coal India Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, a key player in the Mining & Minerals industry, has seen significant trading activity in call options with expiry set for May 29, 2025. Notably, the call option with a strike price of Rs 400 recorded 8,323 contracts traded, generating a turnover of Rs 620.49 lakhs, while the Rs 390 strike price option saw 5,179 contracts traded with a turnover of Rs 641.83 lakhs. The open interest for these options stands at 5,309 and 1,973 contracts, respectively.
In terms of performance metrics, Coal India has outperformed its sector by 0.42% today, marking a consecutive gain over the last two days with a total return of 3.37%. The stock reached an intraday high of Rs 394.75, reflecting a 2.99% increase. Additionally, it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The stock's liquidity is supported by a delivery volume of 47.91 lakhs, which has increased by 31.08% compared to the 5-day average.

With a market capitalization of Rs 2,39,976.64 crore, Coal India continues to demonstrate robust activity and investor engagement in the market.