Eternal Ltd Sees Surge in Call Options with 25,513 Contracts at Rs 230 Strike

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ETERNAL, has seen significant trading activity with 25,513 call contracts exchanged, resulting in a turnover of approximately Rs 1,678.76 lakhs. The options have a strike price of Rs 230 and are set to expire on May 29, 2025. The current underlying value stands at Rs 226.65, indicating a close proximity to the strike price.
Despite the heightened trading activity, the stock has faced challenges recently, experiencing a consecutive decline over the past two days with a total drop of 5.44%. In terms of performance metrics, ETERNAL's one-day return is recorded at -1.21%, slightly underperforming compared to the sector's return of -0.65% and the Sensex's decline of -0.68%.

The stock's liquidity remains robust, with a delivery volume of 5.49 crore shares on May 26, reflecting a 215.36% increase against the five-day average. Additionally, while the stock is trading above its 50-day moving average, it remains below the 5-day, 20-day, 100-day, and 200-day moving averages. This activity highlights the dynamic nature of Eternal Ltd's stock performance amidst current market conditions.