SBI Life Insurance Sees 25,678 Active Call Options at Rs 1860 Strike Price

SBI Life Insurance Company Ltd has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The underlying asset, SBILIFE, saw a notable number of call contracts traded, with 25,678 contracts exchanged at a strike price of Rs 1860, leading to a turnover of approximately Rs 1007.22 lakhs. The open interest stands at 4,245 contracts, indicating a robust interest in this option.
Currently, the stock is valued at Rs 1817.0, just 4.6% shy of its 52-week high of Rs 1936. Today, SBI Life outperformed its sector by 0.9%, marking a 1.08% return for the day, while the broader Sensex experienced a slight decline of 0.12%. The stock has shown consistent performance, gaining 3.19% over the last two days.

SBI Life is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the delivery volume of 5.44 lakhs on July 25 has increased by 6.5% compared to the 5-day average, suggesting rising investor participation. With a market capitalization of Rs 1,83,881.00 crore, SBI Life continues to demonstrate liquidity suitable for trades around Rs 3.24 crore. Overall, the activity surrounding SBI Life reflects a dynamic trading environment within the insurance sector.