ITC Ltd. Sees Surge in Call Options with 13,075 Contracts at Rs 440 Strike

ITC Ltd., a prominent player in the FMCG sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on May 29, 2025, with a strike price of Rs 440, have seen significant trading activity, with 13,075 contracts exchanged, resulting in a turnover of Rs 196.77 lakhs. The open interest stands at 9,100 contracts, indicating robust market engagement.
In terms of price performance, ITC's stock is currently valued at Rs 437.95, reflecting a 2.77% increase over the past two days. The stock has maintained a narrow trading range of Rs 3.05, showcasing stability amid market fluctuations. Notably, ITC's performance today aligns closely with sector trends, with a 1D return of 0.25%, compared to the sector's 0.28% and the Sensex's 0.38%.

The stock's liquidity remains strong, with a delivery volume of 85.87 lakhs on May 23, marking an 11.8% increase against the five-day average. Additionally, ITC offers a high dividend yield of 3.2% at its current price, further enhancing its appeal in the market. Overall, ITC Ltd. continues to demonstrate solid performance metrics and active trading dynamics within the FMCG industry.