ONGC Sees 4,589 Call Contracts at Rs 250 Strike Price Amid 3.18% Price Rise

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 3,11,273.85 crore, has seen notable trading activity in its call options expiring on October 28, 2025. The strike price for these options is set at Rs 250, with 4,589 contracts traded, resulting in a turnover of Rs 448.12 lakh. The open interest stands at 5,446 contracts, indicating a robust interest in this option.
In terms of performance, ONGC has been gaining traction, recording a 3.18% increase over the last four days, with a 1D return of 0.64%, outperforming the sector's 1D return of 0.54% and the Sensex's 0.23%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. However, it is worth noting that delivery volume has decreased by 19.02% compared to the 5-day average, suggesting a decline in investor participation.

With a high dividend yield of 5.08% at the current price, ONGC continues to maintain liquidity, supporting a trade size of Rs 4.96 crore based on 2% of the 5-day average traded value. Overall, ONGC's recent performance and trading activity highlight its significant position in the market.