Solar Industries India Sees Heavy Call Option Activity Ahead of 25 Nov Expiry

On 18 November 2025, Solar Industries India Ltd, a key player in the Other Chemical products sector, recorded a day change of 0.54%, outperforming its sector by 0.94% and the Sensex by 0.63%. The stock touched an intraday high of ₹14,065, marking a 2.14% rise from previous levels. Despite this, the stock’s price remains below its 50-day and 100-day moving averages, while trading above its 5-day, 20-day, and 200-day averages, indicating a complex technical setup that investors are closely monitoring.

The underlying value of Solar Industries India Ltd stood at ₹13,862 on the day, with the call option at the 14,000 strike price seeing 5,619 contracts traded. This activity generated a turnover of approximately ₹907.54 lakhs, accompanied by an open interest of 2,195 contracts. Such figures highlight a concentrated interest in bullish call options, suggesting that traders are positioning for potential upward movement or hedging existing exposures ahead of the expiry date.

Liquidity in the stock remains adequate for sizeable trades, with the average traded value over five days supporting trade sizes up to ₹3.59 crores. However, delivery volumes have shown a decline, with the delivery volume on 18 November at 32,950 shares, down by nearly 52% compared to the five-day average. This reduction in investor participation could imply a cautious stance among long-term holders despite the active options market.

Solar Industries India Ltd’s market capitalisation is substantial at ₹1,24,469 crores, categorising it as a large-cap stock within the Other Chemical products industry. The company’s Mojo Score currently stands at 61.0, reflecting a Hold grade as of 17 November 2025, following a revision from a previous Buy grade. This adjustment in evaluation may be influenced by recent market dynamics and the evolving technical picture.

Examining the option expiry patterns, the 25 November 2025 expiry date has attracted the most call option contracts for Solar Industries India Ltd, with the 14,000 strike price being the focal point. This strike price is slightly above the current underlying value, indicating a moderately bullish stance among traders who anticipate the stock price to approach or surpass this level by expiry. The open interest of 2,195 contracts further underscores the sustained interest in this strike price, which could influence price volatility as expiry approaches.

From a sector perspective, the Other Chemical products industry has experienced subdued returns recently, with the sector posting a 0.08% decline on the same day Solar Industries India Ltd recorded gains. This relative outperformance by Solar Industries India Ltd may be attracting speculative interest in its options, as traders seek to capitalise on potential sector rotation or company-specific catalysts.

Technical indicators present a mixed picture. The stock’s position above shorter-term moving averages such as the 5-day and 20-day suggests some near-term strength, while its position below the 50-day and 100-day averages points to resistance levels that may cap upside momentum. The 200-day moving average support indicates a longer-term bullish trend remains intact, but the interplay of these averages will be critical in determining the stock’s trajectory in the coming weeks.

Investors and traders should also note the significant turnover generated by call option trades, which at ₹907.54 lakhs represents a sizeable capital flow into bullish derivative positions. This level of activity often precedes notable price movements, as option market positioning can signal expectations of volatility or directional shifts. However, the decline in delivery volumes suggests that while speculative interest is high, long-term investor conviction may be more reserved at present.

Given the large market capitalisation and liquidity profile of Solar Industries India Ltd, the stock remains accessible for institutional and retail investors alike. The interplay between option market activity and underlying stock performance will be a key factor to watch as the 25 November expiry date approaches, with potential implications for price swings and volatility.

In summary, Solar Industries India Ltd’s active call option market, particularly at the 14,000 strike price for the upcoming expiry, reflects a nuanced market sentiment. While technical indicators and delivery volumes suggest a cautious environment, the concentrated call option interest points to a segment of the market positioning for potential upside. Investors should monitor these dynamics closely, considering both the broader sector context and the company’s evolving evaluation metrics.

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