Surge in Active Call Options for One 97 Communications at Rs 920 and Rs 940 Strikes

One 97 Communications Ltd, operating in the Financial Technology (Fintech) sector, has emerged as one of the most active stocks today, particularly with its underlying asset, PAYTM. The company has seen significant activity in its call options, with notable contracts traded for expiry on July 31, 2025. Specifically, 2,232 contracts were traded at a strike price of Rs 920, generating a turnover of approximately Rs 750.54 lakhs, while 4,991 contracts at a strike price of Rs 940 resulted in a turnover of around Rs 1,339.13 lakhs. The open interest for these options stands at 780 and 2,483 contracts, respectively.
In terms of performance metrics, One 97 Communications has outperformed its sector by 2.21%, marking a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 935.9, reflecting a gain of 3.11%. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, it is worth noting that delivery volume has decreased by 44.1% compared to the 5-day average, suggesting a decline in investor participation. Overall, One 97 Communications continues to demonstrate notable activity and resilience in the market.