Surge in Active Call Options for PNB Housing Finance at Rs 1100 Strike Price

PNB Housing Finance Ltd, a prominent player in the Finance - Housing sector, has emerged as one of the most active stocks today. The stock, trading under the symbol PNBHOUSING, has shown significant movement with a notable call option activity. The call options expiring on May 29, 2025, at a strike price of Rs 1100, saw 6,613 contracts traded, resulting in a turnover of approximately Rs 1,695.94 lakhs. The open interest stands at 1,074 contracts, indicating ongoing interest in this option.
Today, PNB Housing Finance outperformed its sector by 4.09%, marking a consecutive gain over the last two days with a total return of 7.65%. The stock opened with a substantial gap up of 7.48% and reached an intraday high of Rs 1,084.85, reflecting a 10% increase. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend.

Despite a decline in delivery volume, which fell by 39.07% against the 5-day average, the stock remains liquid enough for trades sized at Rs 1.73 crore, supported by a market capitalization of Rs 27,244.04 crore. Overall, PNB Housing Finance continues to demonstrate robust performance metrics within the housing finance sector.