Larsen & Toubro Ltd. Sees Surge in Active Call Options at 3500 Strike Price

Larsen & Toubro Ltd. (LT), a prominent player in the Capital Goods sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options for the expiry date of May 29, 2025, have seen significant trading activity across various strike prices. Notably, the strike price of 3500 recorded the highest number of contracts traded at 47,440, with a turnover of approximately Rs 4,457.93 lakhs and an open interest of 7,719 contracts.
Other active strike prices include 3400, with 24,760 contracts traded and a turnover of Rs 4,300.24 lakhs, and 3440, which saw 21,009 contracts traded, generating a turnover of Rs 2,936.11 lakhs. The underlying value for all these options stands at Rs 3,451.4.

In terms of stock performance, Larsen & Toubro has gained 6.95% over the last three days, opening today with a 2.01% increase and reaching an intraday high of Rs 3,569, reflecting a 3.63% rise. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a market capitalization of Rs 4,86,267.95 crore, Larsen & Toubro continues to demonstrate robust activity in the capital goods sector, which has gained 3.08% today. Overall, the trading dynamics around Larsen & Toubro highlight its significant presence in the market.