Surge in Call Option Activity for One 97 Communications with 4,512 Contracts Traded

One 97 Communications Ltd, operating in the Financial Technology (Fintech) sector, has emerged as one of the most active stocks today, particularly with its call options for PAYTM. The stock is currently trading at an underlying value of Rs 1262.0, which places it just 2.26% away from its 52-week high of Rs 1291.6.
Today, the stock saw significant activity with 4,512 contracts traded, resulting in a turnover of Rs 178.61 lakhs. The open interest stands at 2,208 contracts, indicating a robust interest in the stock's options. Despite a slight decline of 1.21% in its one-day return, One 97 Communications has been performing inline with its sector, which experienced a 0.90% drop.

The stock has shown a trend reversal after two consecutive days of gains, yet it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong underlying trend. Additionally, the delivery volume of 27.51 lakhs on August 25 has increased by 62.46% compared to the 5-day average, reflecting rising investor participation.

With a market capitalization of Rs 80,486.66 crore, One 97 Communications continues to demonstrate liquidity suitable for trades around Rs 15.68 crore. Overall, the stock's activity today highlights its dynamic position within the fintech landscape.