ONGC Sees Surge in Call Option Activity with 13,920 Contracts at Rs 250 Strike

May 20 2025 12:00 PM IST
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Oil & Natural Gas Corporation Ltd. (ONGC) has seen significant trading activity, particularly in call options, with notable contracts exchanged and a substantial turnover. The stock has shown a positive trend reversal, reaching an intraday high and maintaining a strong dividend yield, despite a decrease in delivery volume.
Oil & Natural Gas Corporation Ltd. (ONGC) has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The company, a major player in the oil industry with a market capitalization of Rs 3,16,746.27 crore, saw a notable number of call options traded, with 13,920 contracts exchanged at a strike price of Rs 250. This activity resulted in a turnover of approximately Rs 1,504.99 lakhs, while open interest stood at 5,242 contracts.

In terms of performance, ONGC outperformed its sector by 1.67%, marking a positive trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 252.7, reflecting a gain of 2.48% for the day. Currently, the underlying value of ONGC is Rs 252.35, and it boasts a high dividend yield of 5.58%.

Despite a decrease in delivery volume, which fell by 23.97% against the five-day average, the stock remains liquid enough for trades up to Rs 3.52 crore, based on 2% of the five-day average traded value. Overall, ONGC's performance today highlights its resilience in the market amidst fluctuating investor participation.
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