SBI Cards Sees 2,891 Active Call Contracts with Strike Price at Rs 1,000

SBI Cards & Payment Services Ltd has emerged as one of the most active stocks today, particularly in the options market. The underlying asset, SBICARD, saw significant activity with 2,891 call contracts traded, resulting in a turnover of approximately Rs 101.99 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,000 and an open interest of 2,986 contracts, indicating a robust interest in this particular option.
In terms of price performance, SBI Cards has underperformed its sector by 0.86%, experiencing a consecutive decline over the past two days, with a total drop of 3.7%. Despite this, the stock opened today with a notable gain of 10%, reaching an intraday high of Rs 1,004.75. The trading range was wide, with fluctuations of Rs 104.75, and the stock exhibited high volatility, recorded at 9.07%.

Currently, the stock's value stands at Rs 897.3, which is above the 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day averages. Additionally, delivery volume has decreased significantly, falling by 43.16% compared to the 5-day average, suggesting a decline in investor participation. Overall, SBI Cards remains a focal point in the market, reflecting a mix of volatility and investor activity.