Surge in Call Option Activity for Mahindra & Mahindra with 4,672 Contracts Traded

Mahindra & Mahindra Ltd, a prominent player in the automobiles sector, 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 3200, saw significant trading activity, with 4,672 contracts exchanged, resulting in a turnover of Rs 755.09 lakhs. The open interest for these contracts stands at 4,279, indicating a robust interest among traders.
Despite this activity, Mahindra & Mahindra's stock has underperformed relative to its sector, declining by 2.11% today, compared to a sector decline of 1.02%. The stock has faced consecutive losses over the past two days, with a total drop of 2.27%. During the trading session, it reached an intraday low of Rs 3116.7, reflecting a decrease of 2.7%.

In terms of moving averages, the stock is currently above the 50-day, 100-day, and 200-day averages but below the 5-day and 20-day averages, suggesting mixed short-term momentum. Notably, the delivery volume has increased significantly, with 20.6 lakh shares delivered on July 31, marking a 74.36% rise against the 5-day average. This liquidity indicates that the stock remains accessible for larger trades, with a market cap of Rs 3,98,371.00 crore, classifying it as a large-cap entity. Overall, Mahindra & Mahindra's current trading dynamics reflect a complex interplay of activity and performance metrics.