ITC Ltd. Sees Surge in Active Call Options with 13,287 Contracts at Rs 420 Strike

ITC Ltd., a prominent player in the Cigarettes/Tobacco industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, currently valued at Rs 416.05, has seen a notable increase of 2.61% over the past two days, aligning its performance with sector trends.
Today, ITC's call options, set to expire on April 24, 2025, have garnered attention with 13,287 contracts traded at a strike price of Rs 420, resulting in a turnover of approximately Rs 1,178.29 lakhs. The open interest stands at 6,908 contracts, indicating a robust interest in these options.

In terms of performance metrics, ITC's stock has outperformed its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The stock's delivery volume reached 1.05 crore on April 8, reflecting a 6.32% increase compared to the 5-day average, showcasing rising investor participation. Additionally, ITC offers a high dividend yield of 3.39%, further enhancing its appeal.

In summary, ITC Ltd. continues to demonstrate strong trading activity and performance metrics, positioning itself as a noteworthy stock in the current market landscape.