Mahindra & Mahindra's Call Options Surge: 8,222 Contracts at Rs 3300 Strike Price

Mahindra & Mahindra Ltd, a prominent player in the automobile industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on July 31, 2025, with a strike price of Rs 3300, have seen significant trading activity, with 8,222 contracts exchanged and a turnover of Rs 839.47 lakhs. The open interest stands at 5,861 contracts, indicating robust market engagement.
Today, Mahindra & Mahindra reached a new 52-week and all-time high of Rs 3288.3, although it underperformed its sector by 0.61%. The stock has shown a positive trend over the last three days, gaining 2.91% during this period. It has traded within a narrow range of Rs 29.3, reflecting stability in its price movements. Notably, Mahindra & Mahindra is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trajectory.

Despite a decline in delivery volume, which fell by 23.95% compared to the 5-day average, the stock remains liquid enough for trades of Rs 16.83 crore, with a delivery volume of 12.76 lakhs recorded on July 22. Overall, Mahindra & Mahindra's performance today highlights its active presence in the market, driven by notable trading activity in its options.