Surge in Call Options for Max Healthcare: 3,894 Contracts at Rs 1,400 Strike

Max Healthcare Institute Ltd has emerged as one of the most active stocks today, particularly in the options market. The underlying asset, MAXHEALTH, has seen significant trading activity with 3,894 call contracts exchanged, resulting in a turnover of approximately Rs 97.82 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,400 and an open interest of 2,145 contracts.
Despite this activity, the stock has underperformed its sector by 0.83% today, continuing a downward trend with a cumulative decline of 5.33% over the past three days. The stock's current value stands at Rs 1,234, which is higher than its 50-day, 100-day, and 200-day moving averages, yet lower than its 5-day and 20-day moving averages.

Investor participation has notably increased, with a delivery volume of 14.29 lakhs on July 9, marking a 46.98% rise compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of around Rs 4.06 crore based on 2% of the 5-day average traded value.

In summary, while Max Healthcare Institute Ltd shows active trading in options, it faces challenges in price performance amidst a broader market context.