Divis Laboratories Sees Surge in Call Options: 8,490 Contracts at Rs 6200 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 company’s underlying stock, DIVISLAB, is currently valued at Rs 6248.
Today, two notable call options have drawn attention. The call option with a strike price of Rs 6200 saw 8,490 contracts traded, resulting in a turnover of Rs 989.09 lakhs, while the option with a strike price of Rs 6300 recorded 6,347 contracts traded and a turnover of Rs 459.08 lakhs. Open interest for these options stands at 2,440 and 1,609 contracts, respectively, indicating a robust interest among traders.

In terms of performance, Divis Laboratories has outperformed its sector by 1.87%, marking a consecutive gain over the last two days with a total return of 3%. The stock reached an intraday high of Rs 6242, reflecting a 2.13% increase. Additionally, it is trading above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day moving averages.

With a market capitalization of Rs 1,61,996.00 crore, Divis Laboratories continues to demonstrate liquidity, with a delivery volume of 3.53 lakhs on September 18, which is up 59.01% compared to its 5-day average. This activity underscores the stock's dynamic presence in the market today.