Lupin Ltd. Sees 4,832 Call Contracts at Rs 1960 Strike, Turning Rs 1,081.22 Lakhs

Lupin Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 1972.5, has shown resilience, outperforming its sector by 1.99% and marking a trend reversal after four consecutive days of decline.
Notably, two call options with expiry on October 28, 2025, have garnered attention. The call option with a strike price of Rs 2000 saw 4,637 contracts traded, resulting in a turnover of Rs 667.29 lakhs, while the Rs 1960 strike price option recorded 4,832 contracts traded and a turnover of Rs 1,081.22 lakhs. The open interest for these options stands at 1,517 and 998 contracts, respectively, indicating active market engagement.

The stock reached an intraday high of Rs 1977.9, reflecting a 3.79% increase. Despite a notable drop in delivery volume, which fell by 47.98% against the five-day average, the liquidity remains adequate for trades up to Rs 4.08 crore, based on 2% of the five-day average traded value.

In summary, Lupin Ltd. is experiencing heightened activity in its options market, underscoring its current market position and performance metrics.