Surge in Active Call Options for Hindustan Aeronautics Ltd at Rs 4,600 Strike Price

Hindustan Aeronautics Ltd (HAL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on August 28, 2025, with a strike price of Rs 4,600, saw significant trading activity, with 3,148 contracts exchanged, resulting in a turnover of approximately Rs 557.81 lakhs. The open interest for these contracts stands at 3,049, indicating a robust interest among traders.
Despite this activity, HAL's stock has underperformed the sector by 1.78%, reflecting a 1.05% decline in its one-day return. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Currently, HAL's underlying value is Rs 4,528.7, which is higher than its 5-day and 200-day moving averages but lower than the 20-day, 50-day, and 100-day moving averages.

Investor participation appears to be waning, with delivery volume dropping by 14.63% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades sized at Rs 8.26 crore, based on 2% of the 5-day average traded value. Overall, HAL's current performance metrics highlight a complex landscape for investors in the Aerospace & Defense industry.