Eternal Ltd Sees Surge in Call Options Activity with 7,021 Contracts Traded 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, reflecting significant trading activity in its options market. The company’s underlying stock, ETERNAL, has seen a notable surge, with a current underlying value of Rs 235.31.
Today, a total of 7,021 call contracts were traded, generating a turnover of approximately Rs 1,606.40 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 230, indicating a strong interest among traders. The open interest stands at 2,159 contracts, suggesting ongoing engagement in this stock.

Eternal Ltd has outperformed its sector by 3.64% today, marking a consecutive gain over the last two days with a total return of 4.98%. The stock reached an intraday high of Rs 235.65, reflecting a 3.19% 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.

Despite a decline in delivery volume by 38.67% compared to the 5-day average, the stock maintains adequate liquidity for trades, with a size of Rs 42.49 crores based on 2% of the 5-day average traded value. Overall, the activity surrounding Eternal Ltd underscores its current market position and performance metrics.