Surge in Call Options: Interglobe Aviation Sees 15,413 Contracts at Rs 5900 Strike

Interglobe Aviation Ltd, operating under the brand INDIGO, has emerged as one of the most active stocks in the airline industry today. The company, with a market capitalization of Rs 2,27,012.00 crore, is currently trading close to its 52-week high, just 2.74% away from Rs 6018.
Today, notable activity was observed in call options with expiry set for August 28, 2025. The call option with a strike price of Rs 6000 saw 14,142 contracts traded, generating a turnover of Rs 1,568.49 lakh and an open interest of 1,843 contracts. Meanwhile, the Rs 5900 strike price option was even more active, with 15,413 contracts traded and a turnover of Rs 2,579.91 lakh, alongside an open interest of 1,440 contracts. The underlying value for both options stands at Rs 5,871.00.

Despite the active trading, the stock has experienced a slight decline of 0.70% today, in line with a sector performance drop of 0.53% and a broader market decline reflected in the Sensex's 0.27% decrease. The stock has traded within a narrow range of Rs 52 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a noted decrease in investor participation, with delivery volume falling by 6.23% compared to the 5-day average.

In summary, Interglobe Aviation's current trading activity highlights significant interest in its call options, while the stock navigates a slight downturn amidst broader market trends.