Surge in Call Options: One 97 Communications Sees 8,091 Contracts at Rs 900 Strike

One 97 Communications Ltd, operating in the Finance/NBFC sector, has emerged as one of the most active stocks today, particularly with its underlying asset, PAYTM. The stock has shown significant movement, trading at an underlying value of Rs 884.05. Notably, the company’s call options expiring on May 29, 2025, with a strike price of Rs 900, have seen robust activity, with 8,091 contracts traded and a turnover of approximately Rs 1,488.32 lakhs. The open interest stands at 1,398 contracts, indicating a healthy level of market engagement.
In terms of performance, One 97 Communications has outperformed its sector by 7.24%, with the stock reaching an intraday high of Rs 892.4, reflecting a 9.52% increase. The trading range for the day has been wide, with fluctuations of Rs 84.4. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the delivery volume has increased by 3.03% compared to the 5-day average, indicating rising investor participation.

Overall, One 97 Communications Ltd continues to demonstrate strong trading activity and performance metrics, reflecting its position within the market.