LIC Housing Finance Sees Surge in Call Options with 18,089 Contracts at Rs 600 Strike

LIC Housing Finance Ltd has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The underlying stock, LICHSGFIN, has seen a notable surge in call options, with 18,089 contracts traded for a strike price of Rs 600, resulting in a turnover of Rs 1,175.785 lakhs. The open interest stands at 3,896 contracts, indicating a robust interest in this option.
In terms of performance, LIC Housing Finance has outperformed its sector by 2.14%, marking a consecutive gain over the last two days with a total return of 3.32%. The stock reached an intraday high of Rs 592, reflecting a 3.5% increase during the trading session. Currently, the stock's value is at Rs 594.2, which is above its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains below the 100-day moving average.

Despite this positive momentum, there has been a notable decline in investor participation, with delivery volume dropping by 68.53% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 1.39 crore based on 2% of the 5-day average traded value. Overall, LIC Housing Finance continues to demonstrate active trading dynamics within the housing finance sector.