Mahindra & Mahindra's Call Options Surge: 20,906 Contracts at Rs 2700 Strike Price

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today. The company’s call options, particularly with a strike price of Rs 2700 and an expiry date set for April 24, 2025, have seen significant trading activity, with 20,906 contracts exchanged, resulting in a turnover of approximately Rs 1577.74 lakhs. The open interest stands at 5,462 contracts, indicating a robust interest in these options.
In terms of performance metrics, Mahindra & Mahindra has outperformed its sector by 0.7% today, marking a consecutive gain over the last three days with a total return of 4.91% during this period. The stock's current value is Rs 2647.6, which is higher than its 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a slight decline in delivery volume, which fell by 3.9% against the 5-day average, the stock remains liquid enough for a trade size of Rs 19.76 crore, reflecting its active market position. Overall, Mahindra & Mahindra continues to show notable activity in the market, driven by its strong fundamentals and trading dynamics.