Surge in HCL Technologies Call Options: 5,630 Contracts Traded at Rs 1,500 Strike

HCL Technologies Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today. The company’s underlying stock, HCLTECH, has seen significant trading activity, with 5,630 call contracts traded, resulting in a turnover of approximately Rs 203.36 lakhs. The options have an expiry date set for August 28, 2025, with a strike price of Rs 1,500. The current underlying value stands at Rs 1,498.3, indicating a close proximity to the strike price.
Despite the notable trading volume, HCL Technologies has underperformed the sector by 0.28% today, with a stock return of 1.89% compared to the IT - Software sector's gain of 2.27%. The stock has shown signs of a trend reversal, gaining after two consecutive days of decline. It is currently trading above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages.

Open interest for the stock is recorded at 4,165 contracts, reflecting ongoing interest in the options market. However, delivery volume has decreased significantly, falling by 39.11% against the 5-day average. HCL Technologies maintains a high dividend yield of 4.09%, and liquidity remains robust, supporting a trade size of Rs 12.63 crore based on 2% of the 5-day average traded value. Overall, HCL Technologies continues to be a focal point in today’s trading landscape, reflecting both activity and underlying market dynamics.