Larsen & Toubro Ltd. Sees 8,523 Active Call Contracts at Rs 3,600 Strike

Larsen & Toubro Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, a key player in the capital goods sector, saw significant activity in call options with an expiry date set for May 29, 2025. The strike price for these options is set at Rs 3,600, with a total of 8,523 contracts traded, resulting in a turnover of approximately Rs 690.94 lakhs. The open interest stands at 6,372 contracts, indicating a robust interest in this option.
In terms of performance, Larsen & Toubro's underlying value is currently at Rs 3,577. The stock has shown a consistent upward trend, gaining 8.27% over the last four days, although it underperformed its sector by 0.41% today. The stock's 1-day return is recorded at 0.46%, while the sector's return is slightly higher at 0.66%. Notably, Larsen & Toubro is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong performance trend.

Investor participation has also increased, with a delivery volume of 20.24 lakhs on May 12, marking a 20.12% rise compared to the 5-day average. The stock's liquidity remains favorable, accommodating trades of Rs 0.95 crore based on 2% of the 5-day average traded value. Overall, Larsen & Toubro continues to demonstrate significant activity and resilience in the capital goods market.