Punjab National Bank's Call Options Surge with 15,407 Contracts at Rs 120 Strike Price

Punjab National Bank (PNB) has emerged as one of the most active stocks today, particularly in the options market. The bank's call options, set to expire on July 31, 2025, have seen significant trading activity, with 15,407 contracts traded at a strike price of Rs 120. This activity has generated a turnover of Rs 1,109.304 lakhs, indicating robust interest among traders. The open interest stands at 1,785 contracts, reflecting ongoing engagement in this option.
In terms of performance, PNB's stock is currently valued at Rs 114.55, which is higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position relative to its recent trading history. However, the stock has experienced a slight decline of 0.70% today, following four consecutive days of gains, indicating a potential trend reversal.

Investor participation has notably increased, with a delivery volume of 1.76 crore shares on July 16, marking a 157.71% rise compared to the 5-day average. The liquidity of the stock remains favorable, accommodating trades of up to Rs 5.16 crore based on 2% of the 5-day average traded value. Overall, PNB's activity today highlights its dynamic presence in the public sector banking industry.