Mahindra & Mahindra Sees Surge in Call Options as 34,970 Contracts Trade at Rs 3500

Mahindra & Mahindra Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, which recently reached a new 52-week and all-time high of Rs 3552.5, has shown a robust performance, outperforming its sector by 0.58%. Over the past three days, M&M has gained 9.45%, indicating a positive trend.
Today, the call options for M&M with expiry on September 30, 2025, have attracted notable interest. The strike price of Rs 3500 saw the highest activity, with 34,970 contracts traded and a turnover of Rs 6717.74 lakhs. Other strike prices, including Rs 3600, Rs 3700, and Rs 3550, also witnessed substantial trading volumes, with 22,834, 17,903, and 14,506 contracts traded, respectively.

The underlying value of M&M stands at Rs 3480.0, with open interest across these options ranging from 2,229 to 4,231 contracts. The stock's liquidity remains strong, supported by a delivery volume of 38.6 lakhs, which has surged by 132.51% compared to the five-day average. M&M is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its market position.

In summary, Mahindra & Mahindra's active trading in call options and its recent price performance highlight its significant presence in the market, reflecting both investor engagement and a favorable trend in the automobile industry.