Interglobe Aviation Sees Surge in Active Call Options with 11,576 Contracts at Rs 5,700 Strike

Interglobe Aviation Ltd, operating under the brand INDIGO, has emerged as one of the most active stocks today in the airline sector. With a market capitalization of Rs 2,18,803.44 crore, the company is classified as a large-cap entity. Today, the stock saw significant activity in its options market, with 11,576 call contracts traded at a strike price of Rs 5,700, resulting in a turnover of Rs 780.23 lakh. The open interest stands at 2,448 contracts, indicating a robust interest in this option.
The stock's underlying value is currently at Rs 5,660, just 1.19% away from its 52-week high of Rs 5,729. Interglobe Aviation has shown a strong performance, gaining 7.41% over the last three days, with a notable 3.01% increase at the market open today. The stock reached an intraday high of Rs 5,700.5, reflecting a 4.27% rise during the trading session. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

Despite a slight decline in delivery volume, which fell by 2.66% against the 5-day average, the stock remains liquid enough for trades sized at Rs 9.12 crore, aligning with the overall sector performance, which has seen a gain of 3.51%. Overall, Interglobe Aviation's activity today underscores its strong market position and ongoing momentum in the airline industry.