Surge in Mahindra & Mahindra Call Options: 27,690 Contracts at Rs 3000 Strike Active Today

Mahindra & Mahindra Ltd (M&M), a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s stock is currently valued at Rs 3002.0, with notable call options expiring on May 29, 2025.
The call option with a strike price of Rs 3000 saw a substantial trading volume of 27,690 contracts, generating a turnover of approximately Rs 4738.47 lakhs, while the Rs 3100 strike price option recorded 15,003 contracts traded and a turnover of Rs 1475.06 lakhs. Open interest for the Rs 3000 strike stands at 5,462 contracts, and for the Rs 3100 strike, it is at 3,522 contracts, indicating robust market engagement.

In terms of performance metrics, M&M outperformed its sector by 1.03%, with a 1D return of 2.18%, compared to the sector's 1.15% and the Sensex's 0.43%. The stock reached an intraday high of Rs 3001.5, marking a 2.57% increase. Additionally, M&M is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. The delivery volume of 19.77 lakhs on May 2 has increased by 59.46% against the 5-day average, highlighting rising investor participation.

Overall, Mahindra & Mahindra's strong trading activity and performance metrics underscore its current market position without delving into future implications.