Surge in Mahindra & Mahindra Call Options: 9,831 Contracts at Rs 3100 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 3100, saw significant trading activity, with 9,831 contracts exchanged, resulting in a turnover of approximately Rs 1,091.42 lakhs. The open interest for these contracts stands at 3,682, indicating a robust interest among traders.
In terms of performance, Mahindra & Mahindra has shown a positive trend, gaining 2.74% over the last four days, with a 1D return of 0.23%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward momentum. However, it is noteworthy that the delivery volume has decreased significantly, falling by 48.54% compared to the 5-day average, with a delivery volume of 8.76 lakhs recorded on June 4.

With a market capitalization of Rs 3,80,582.00 crore, Mahindra & Mahindra continues to maintain a solid position in the large-cap segment of the market. Overall, the stock's activity today highlights its current market dynamics and investor engagement.