Surge in Hindustan Zinc Ltd Call Options: 8,829 Contracts Traded at Rs 440 Strike

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The company’s underlying stock, HINDZINC, saw a notable performance with a 4.25% increase, outperforming its sector, which gained 3.74%.
Today, 8,829 call option contracts were traded with a turnover of approximately Rs 12.89 crore, indicating robust investor engagement. The options have an expiry date set for September 30, 2025, with a strike price of Rs 440. The underlying value of the stock is currently at Rs 438.35, suggesting a close proximity to the strike price.

Hindustan Zinc's stock has shown a trend reversal, gaining after three consecutive days of decline, and reached an intraday high of Rs 443, marking a 5.66% increase. The stock's performance is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

Despite a decline in delivery volume, which fell by 8.6% against the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 1.35 crore, based on 2% of the 5-day average traded value. Overall, Hindustan Zinc's activity today highlights its dynamic position within the market.