Hindustan Aeronautics Ltd Sees Surge in Call Options with 10,508 Contracts at Rs 4500 Strike

Hindustan Aeronautics Ltd (HAL), a prominent player in the defence 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 4556.2, has seen notable movements in its options market, particularly for contracts expiring on May 29, 2025.
Among the most traded options, the call option with a strike price of Rs 4500 recorded 10,508 contracts traded, generating a turnover of Rs 3589.15 lakhs, while the Rs 4600 strike price option saw 6,755 contracts traded with a turnover of Rs 1862.07 lakhs. Additionally, the Rs 5000 strike price option attracted 7,109 contracts, contributing Rs 647.41 lakhs to the turnover. The open interest for these options stands at 3,333 for the Rs 4600 strike, 4,739 for the Rs 5000 strike, and 3,155 for the Rs 4500 strike.

Despite underperforming the sector by 1.36%, HAL's stock has shown resilience, gaining after three consecutive days of decline, with an intraday high of Rs 4524.9, reflecting a 2.31% increase. The stock remains above its 20, 50, 100, and 200-day moving averages, although it is below the 5-day moving average. The defence sector overall has gained by 3.92%, indicating a broader positive trend.

In summary, Hindustan Aeronautics Ltd's active trading in call options and its recent performance metrics highlight its dynamic position within the market, underscoring the ongoing interest in this large-cap defence stock.