ONGC Sees Surge in Call Options with 13,107 Contracts at Rs 250 Strike Price

Oil & Natural Gas Corporation Ltd. (ONGC) has emerged as one of the most active stocks today, particularly in the options market. The company, a significant player in the oil industry with a market capitalization of Rs 3,10,443.55 crore, has seen notable trading activity in its call options expiring on June 26, 2025. The strike price for these options is set at Rs 250, with a total of 13,107 contracts traded, resulting in a turnover of approximately Rs 1,084.97 lakh. The open interest stands at 6,271 contracts, indicating a robust interest in this option.
In terms of performance, ONGC has underperformed its sector by 0.39% today, although it has shown a positive trend over the past four days, gaining 4.11% during this period. The stock's current value is Rs 246.72, which is above its 5-day, 20-day, 50-day, and 100-day moving averages, yet below the 200-day moving average. Additionally, the stock boasts a high dividend yield of 5.63% and has demonstrated increased investor participation, with a delivery volume of 43.39 lakh shares on June 10, reflecting a 7.82% rise against the 5-day average.

In summary, ONGC's active trading in call options, coupled with its recent performance metrics, highlights its current market dynamics without venturing into future predictions.