Hindustan Unilever Ltd Sees 8,929 Active Call Contracts at Rs 2,700 Strike Price

Hindustan Unilever Ltd, a prominent player in the FMCG sector, has emerged as one of the most active stocks today, reflecting significant trading activity. The company’s underlying stock, HINDUNILVR, has seen a notable surge in options trading, with 8,929 call contracts traded at a strike price of Rs 2,700, resulting in a turnover of Rs 121.88 lakhs. The open interest stands at 2,891 contracts, indicating a robust interest in this option.
In terms of performance metrics, Hindustan Unilever has outperformed its sector by 0.52%, with a 1.39% return on the day, while the sector itself recorded a 0.99% gain. The stock has shown consistent upward momentum, gaining for the last two days with a total increase of 1.43% during this period. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong bullish trend.

However, it is noteworthy that the delivery volume has decreased significantly, with a drop of 68.1% compared to the 5-day average, indicating a potential decline in investor participation. Despite this, the stock remains liquid, with a trade size of Rs 9.38 crore based on 2% of the 5-day average traded value.

In summary, Hindustan Unilever's active trading in options and solid performance metrics highlight its current market position, while the decline in delivery volume raises questions about investor engagement.