LTI Mindtree Ltd Sees Surge in Call Options: 11,214 Contracts at 5600 Strike Active Today

LTI Mindtree Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, trading under the ticker LTIM, has shown a notable performance, outperforming its sector by 1.97%.
Today, the stock reached an intraday high of Rs 5619, marking a 3.61% increase. Over the past five days, LTI Mindtree has consistently gained, accumulating a total return of 5.71%. 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.

In the options market, several call options with an expiry date of September 30, 2025, have seen substantial trading volumes. The 5700 strike price option recorded 6,824 contracts traded with a turnover of Rs 770.57 lakhs, while the 5500 strike price option saw 7,856 contracts traded, generating a turnover of Rs 1,846.67 lakhs. The 5600 strike price option was the most active, with 11,214 contracts traded and a turnover of Rs 1,941.31 lakhs.

With an underlying value of Rs 5573.0 and an open interest of 1,387 for the 5700 strike, 1,112 for the 5500 strike, and 2,649 for the 5600 strike, LTI Mindtree is demonstrating robust liquidity and investor participation. The delivery volume of 1.22 lakhs on September 17 has increased by 19.01% compared to the 5-day average, further highlighting the stock's active trading environment.

In summary, LTI Mindtree's strong performance metrics and significant options activity underscore its current market position without delving into future implications.