ONGC Sees Surge in Active Call Options with 8,929 Contracts at Rs 240 Strike

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 2,98,593.00 crore, has seen notable trading activity in call options set to expire on August 28, 2025. The strike price for these options is set at Rs 240, with a total of 8,929 contracts traded, resulting in a turnover of Rs 446.00 lakh and an open interest of 5,267 contracts.
In terms of performance metrics, ONGC has outperformed its sector by 1.44% today, marking a consecutive gain over the last three days with a total return of 2.43% during this period. The stock's current value stands at Rs 239.1, which is higher than its 5-day moving average but lower than its 20, 50, 100, and 200-day moving averages. Despite a high dividend yield of 5.86%, there has been a decline in investor participation, with delivery volume dropping by 22.16% compared to the 5-day average.

Overall, ONGC's trading activity reflects a dynamic engagement in the options market, underscoring its position within the oil sector while highlighting the mixed signals in its recent performance metrics.