Hindalco Industries Sees Surge in Call Option Activity with 3,975 Contracts at Rs 730 Strike

Hindalco Industries Ltd, a prominent player in the Non-Ferrous Metals sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, HINDALCO, is currently valued at Rs 726.85. Notably, two call options with expiry dates set for September 30, 2025, have garnered attention. The call option with a strike price of Rs 750 saw 3,447 contracts traded, resulting in a turnover of Rs 575.253 lakhs, while the Rs 730 strike price option recorded 3,975 contracts traded and a turnover of Rs 1,144.269 lakhs.
Hindalco has shown a positive performance trend, gaining 3.64% over the last four days, with today's intraday high reaching Rs 736, marking a 2.09% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. However, there has been a decline in investor participation, with delivery volume dropping by 8.87% compared to the 5-day average. Despite this, the stock remains liquid, suitable for trades up to Rs 7.1 crore based on recent trading activity. Overall, Hindalco's current market dynamics reflect a robust position within its industry.