Divis Laboratories Sees Surge in Call Option Activity with 20,402 Contracts at Rs 6,500 Strike

Divis Laboratories Ltd, a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, trading under the ticker DIVISLAB, reached a new 52-week high of Rs 6,489, marking a 3.34% increase during the day. Over the past two days, Divis Laboratories has shown a robust performance, gaining 4.15% and outperforming its sector by 2.35%.
Today, notable call options for Divis Laboratories with an expiry date of May 29, 2025, have seen substantial trading volumes. The call option with a strike price of Rs 6,500 led the activity with 20,402 contracts traded and a turnover of Rs 34.97 crore. Following closely, the Rs 6,400 strike price option recorded 12,538 contracts traded, generating a turnover of Rs 27.17 crore. The Rs 6,600 strike price option also saw significant interest with 10,207 contracts traded and a turnover of Rs 14.50 crore.

Despite a decline in delivery volume by 17.18% compared to the five-day average, the stock remains liquid, with a trading capacity of Rs 4.76 crore based on 2% of the five-day average traded value. Divis Laboratories continues to trade above its moving averages, indicating a strong market position. Overall, the activity surrounding Divis Laboratories today underscores its dynamic presence in the market.