Surge in Call Options: 8,947 Contracts for PNB Housing at Rs 900 Strike

PNB Housing Finance Ltd has emerged as one of the most active stocks today, particularly in the options market. The underlying asset, PNBHOUSING, saw significant trading activity with 8,947 contracts traded for call options expiring on August 28, 2025, at a strike price of Rs 900. The turnover for these options reached approximately Rs 1,119.49 lakhs, while the open interest stood at 2,824 contracts, indicating a robust engagement from traders.
Despite this activity, PNB Housing Finance has underperformed its sector, showing a decline of 12.28% today. The stock has been on a downward trend, losing 18.11% over the past four days, and opened with a notable gap down of 10.45%. The intraday performance saw the stock hit a low of Rs 822.8, reflecting a decrease of 16.57% from the previous close.

The stock's volatility was pronounced, with an intraday volatility of 5.67%. Currently, PNB Housing Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The finance sector, particularly housing, has also faced challenges, declining by 3.67% today. Overall, PNB Housing Finance's current market dynamics highlight a period of significant activity amid a challenging performance landscape.