LTI Mindtree's Rs 5700 Call Options Lead with 11,057 Contracts Traded 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 options market. The stock, trading under the ticker LTIM, has seen notable call options activity with two key strike prices.
For the call option with a strike price of Rs 5800, 8,069 contracts were traded, resulting in a turnover of approximately Rs 886.58 lakhs and an open interest of 1,797 contracts. Meanwhile, the call option at a strike price of Rs 5700 recorded even higher activity, with 11,057 contracts traded and a turnover of around Rs 1,806.99 lakhs, alongside an open interest of 3,275 contracts. The underlying value of the stock is currently at Rs 5,658.

In terms of performance, LTI Mindtree has outperformed its sector by 1.25%, marking a consecutive gain over the last three days with a total return of 2.98%. Today, the stock opened with a gap up of 2.27% and reached an intraday high of Rs 5,752, reflecting a 2.3% increase. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that investor participation has decreased, with delivery volume falling by 30.29% compared to the 5-day average.

Overall, LTI Mindtree's current trading dynamics highlight its robust market position and active engagement in the options market, underscoring its significance within the large-cap segment.