Surge in Call Options: Mahindra & Mahindra Sees 15,772 Contracts at 3200 Strike Price

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 call options. The options set to expire on May 29, 2025, have seen notable interest, particularly in the 3200 strike price, where 15,772 contracts were traded, resulting in a turnover of approximately Rs 2003.22 lakhs. Other active strike prices include 3150, with 12,661 contracts traded, and 3300, which saw 16,163 contracts.
The underlying value of M&M stands at Rs 3122.3, positioning it close to its 52-week high of Rs 3270.95, just 3.92% away. The stock has outperformed its sector by 2.96% today, gaining 7.56% over the last two days. It opened with a gap up of 4.27%, reaching an intraday high of Rs 3157.2, reflecting a 4.49% increase.

M&M's liquidity remains robust, with a delivery volume of 14.81 lakhs, up 8.1% from the five-day average. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Overall, M&M's performance today highlights its active market presence and investor engagement.