HCL Technologies Sees Surge in Active Call Options with 19,488 Contracts at Rs 1600 Strike

HCL Technologies Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The stock, trading under the ticker HCLTECH, opened with a notable gain of 5.07%, reaching an intraday high of Rs 1587, which represents a 7.24% increase.
Today, several call options for HCL Technologies have seen substantial trading volumes. The most active option was the call with a strike price of Rs 1580, where 16,207 contracts were traded, resulting in a turnover of approximately Rs 888.55 lakhs. Additionally, the call option with a strike price of Rs 1600 recorded 19,488 contracts traded, contributing to a turnover of Rs 687.76 lakhs. The expiry dates for these options range from April 24, 2025, to May 29, 2025, indicating a diverse interest among traders.

The underlying value of HCL Technologies stands at Rs 1582.2, with open interest for the various strike prices reflecting a robust trading environment. The stock has outperformed its sector by 3.81%, while the IT software sector itself gained 3.11%. Despite a decline in delivery volume by 37.27% compared to the five-day average, HCL Technologies maintains a high dividend yield of 4.05% and sufficient liquidity for trading.

In summary, HCL Technologies Ltd's strong performance today, coupled with active options trading, underscores its significant position in the market, highlighting the ongoing interest in this large-cap stock.