Surge in Call Options: 3,781 Contracts for Mazagon Dock at Rs 2,800 Strike

Mazagon Dock Shipbuilders Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today. The company’s underlying asset, MAZDOCK, saw significant trading activity with 3,781 call contracts exchanged, resulting in a turnover of Rs 44.33 lakhs. The options have an expiry date set for August 28, 2025, with a strike price of Rs 2,800. Open interest stands at 3,757 contracts, indicating a robust interest in these options.
In terms of price performance, Mazagon Dock underperformed its sector by 0.86%, with the stock hitting an intraday low of Rs 2,681.1, reflecting a decline of 2.71%. The stock's current value is Rs 2,685.9, which is above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages. Notably, there has been a rise in investor participation, with delivery volume on August 25 reaching 734,000 shares, a significant increase of 136.27% compared to the 5-day average.

Overall, while Mazagon Dock Shipbuilders has faced some downward pressure today, the heightened trading activity in its options reflects ongoing interest in the stock within the market.