Eternal Ltd Sees Surge in Call Option Activity: 16,699 Contracts at Rs 240 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 call options. The stock, currently valued at Rs 242.6, has shown a notable performance, outperforming its sector by 1.03%.
Today, two call options with expiry dates set for June 26, 2025, have attracted considerable attention. The option with a strike price of Rs 250 saw 15,080 contracts traded, generating a turnover of Rs 1,535.072 lakhs, while the Rs 240 strike price option recorded 16,699 contracts traded, with a turnover of Rs 2,909.3184 lakhs. The open interest for these options stands at 2,092 and 1,810, respectively, indicating a robust interest in these strike prices.

Eternal Ltd has been gaining traction, with a slight increase of 0.04% in its stock price today, following a consecutive gain over the past day. The stock's performance metrics reveal it is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, the stock has experienced a significant rise in delivery volume, increasing by 406% against the 5-day average, highlighting rising investor participation.

In summary, Eternal Ltd's active trading in call options and its solid performance metrics underscore its position in the market, reflecting a dynamic trading environment.