Surge in Mahindra & Mahindra Call Options: 13,183 Contracts at Rs 3200 Strike Price

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 June 26, 2025, with a strike price of Rs 3200, saw significant trading activity, with 13,183 contracts exchanged, resulting in a turnover of approximately Rs 118.81 lakhs. The underlying value of the stock stands at Rs 3203.2, just 2.05% shy of its 52-week high of Rs 3270.95.
Despite this activity, Mahindra & Mahindra's stock has underperformed its sector by 0.57% today, marking a slight decline of 0.13% in its one-day return. This comes after a three-day streak of gains, indicating a potential trend reversal. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

However, investor participation appears to be waning, with delivery volume dropping by 17.64% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 23.24 crore based on 2% of the 5-day average traded value. Overall, Mahindra & Mahindra continues to be a focal point in the market, reflecting both its robust trading activity and the current dynamics affecting its performance.