Larsen & Toubro Ltd. Sees 11,767 Active Call Options at Rs 3,700 Strike Price

Larsen & Toubro Ltd. (LT), a prominent player in the construction industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on June 26, 2025, at a strike price of Rs 3,700, saw significant trading activity with 11,767 contracts exchanged, resulting in a turnover of approximately Rs 911.23 lakhs. The open interest for these contracts stands at 7,714, indicating a robust interest among traders.
In terms of performance, LT's underlying value is currently at Rs 3,658.90. The stock's performance today aligns closely with the sector, showing a 1D return of -0.84%, slightly better than the sector's decline of -1.10% and the Sensex's drop of -0.36%. Notably, after five consecutive days of gains, the stock has experienced a trend reversal.

The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average. Additionally, investor participation has increased, with a delivery volume of 851,000 shares on June 11, reflecting a 14.85% rise compared to the five-day average. With a market capitalization of Rs 5,02,281.26 crore, Larsen & Toubro continues to demonstrate liquidity, supporting trade sizes of up to Rs 8.59 crore. Overall, the activity surrounding LT highlights its significant presence in the market today.