Shree Cement Ltd. Sees Surge in Active Call Options with 5,936 Contracts at Rs 30,000 Strike

Shree Cement Ltd., a prominent player in the Cement & Cement Products industry, has emerged as one of the most active stocks today, reflecting significant trading activity. The stock, identified by the underlying symbol SHREECEM, has seen a notable surge in call options, with 5,936 contracts traded at a strike price of Rs 30,000, resulting in a turnover of Rs 163.55 lakhs. The open interest stands at 725 contracts, indicating ongoing interest in this option.
Today, Shree Cement's stock price reached an intraday high of Rs 30,100, marking a 3.53% increase. The stock has outperformed its sector by 1.62% and has shown a consecutive gain over the last two days, yielding a total return of 4.84%. Currently, the underlying value is Rs 29,860, which is higher than the 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average.

Despite a slight decline in delivery volume, which fell by 1.94% against the 5-day average, the stock maintains sufficient liquidity for trading, with a trade size of Rs 6.04 crore based on 2% of the 5-day average traded value. Overall, Shree Cement's performance today highlights its strong market position and active trading dynamics.