Surge in Call Options for Interglobe Aviation with 8,980 Contracts at Rs 5300 Strike

Interglobe Aviation Ltd, operating under the brand INDIGO, has emerged as one of the most active stocks today in the airline industry. The company, with a market capitalization of Rs 2,04,812.87 crore, has seen significant trading activity in its call options set to expire on May 29, 2025.
Notably, the call option with a strike price of Rs 5300 recorded the highest trading volume, with 8,980 contracts exchanged, resulting in a turnover of Rs 884.54 lakh. Following closely, the Rs 5400 strike price option saw 8,492 contracts traded, generating a turnover of Rs 365.13 lakh. The Rs 5500 strike price option also attracted attention, with 7,658 contracts traded and a turnover of Rs 151.54 lakh. The underlying value for all these options stands at Rs 5279.5.

In terms of performance, Interglobe Aviation has faced challenges, experiencing a consecutive decline over the past two days, with a total drop of 4%. Today, the stock opened down by 2.77%, reaching an intraday low of Rs 5230.5, reflecting a decrease of 3.5%. Despite these setbacks, the stock remains above its 50, 100, and 200-day moving averages, although it is currently below its 5 and 20-day averages.

Overall, the trading activity in Interglobe Aviation's options highlights a notable engagement in the market, amidst a backdrop of recent price declines.