Surge in Mahindra & Mahindra Call Options: 2,880 Contracts at Rs 3,300 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 September 30, 2025, with a strike price of Rs 3,300, saw significant trading activity, with 2,880 contracts exchanged, resulting in a turnover of Rs 390.18 lakhs. The open interest for these contracts stands at 2,628, indicating ongoing interest among traders.
Despite this activity, Mahindra & Mahindra's stock has underperformed its sector by 1.87%, reflecting a challenging trading environment. The stock has experienced a consecutive decline over the past four days, with a total drop of 5.92%. Today, it reached an intraday low of Rs 3,187.90, marking a decrease of 3.26%.

In terms of moving averages, the stock is currently above its 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages, suggesting mixed short-term performance. Additionally, the delivery volume has decreased by 12.81% compared to the 5-day average, indicating a decline in investor participation.

Overall, while Mahindra & Mahindra remains a focal point in trading activity, its recent performance metrics highlight a period of volatility and adjustment within the market.