Larsen & Toubro's Call Options Surge: 13,154 Contracts at Rs 3,650 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 August 28, 2025, with a strike price of Rs 3,650, saw significant activity with 13,154 contracts traded, resulting in a turnover of Rs 674.01 lakhs. The open interest for these options stands at 5,270 contracts, indicating a robust interest among traders.
In terms of performance, Larsen & Toubro has outperformed its sector by 0.35%, marking a notable trend reversal as the stock has gained after four consecutive days of decline. The underlying value of the stock is currently at Rs 3,634.90. Additionally, the stock's performance metrics reveal that it is trading above the 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.

Despite a decrease in delivery volume, which has fallen by 27.61% compared to the 5-day average, the stock maintains sufficient liquidity for trades up to Rs 11.51 crore, based on 2% of the 5-day average traded value. Overall, Larsen & Toubro's activity today reflects a dynamic trading environment, underscoring its position in the market.