Larsen & Toubro Ltd. Sees Surge in Call Options with 8,390 Contracts at Rs 3,700 Strike

Larsen & Toubro Ltd. has emerged as one of the most active stocks today, particularly in the options market. The company, a prominent player in the construction industry, has seen significant trading activity in its call options, with 8,390 contracts traded for a strike price of Rs 3,700, resulting in a turnover of approximately Rs 1,565.58 lakhs. The open interest stands at 2,833 contracts, indicating a robust interest in this option.
The underlying stock, trading at Rs 3,688.20, has shown a positive performance trend, gaining 3.25% over the last four days. This upward movement is reflected in its trading position, as Larsen & Toubro is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Today's performance metrics reveal that the stock's one-day return is 0.83%, slightly below the sector's return of 1.12% but significantly outperforming the Sensex, which recorded a mere 0.03% increase. Additionally, the delivery volume of 15.39 lakhs on June 26 has increased by 29.5% compared to the 5-day average, highlighting rising investor participation.

In summary, Larsen & Toubro's active trading in options and its consistent performance metrics underscore its strong market position within the construction sector.