Surge in Call Options for Mahindra & Mahindra: 10,847 Contracts at Rs 3000 Strike

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company, with a market capitalization of Rs 3,62,961.20 crore, has seen significant trading activity in its call options, particularly for contracts expiring on May 29, 2025. The strike price for these options is set at Rs 3000, with a total of 10,847 contracts traded, resulting in a turnover of approximately Rs 1485.45 lakh. The open interest stands at 2,498 contracts, indicating a robust interest in this option.
In terms of performance, Mahindra & Mahindra has outperformed its sector by 0.55%, marking a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 2945, reflecting a gain of 2.82%. Notably, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum.

Despite a decline in delivery volume, which fell by 34.85% against the 5-day average, the stock remains liquid enough for a trade size of Rs 17.58 crore, based on 2% of the 5-day average traded value. Overall, Mahindra & Mahindra's performance today highlights its resilience in the market amidst fluctuating investor participation.