Sun Pharmaceutical Options Surge: 3,105 Call Contracts Trade at Rs 1,640 Strike Price

Sun Pharmaceutical Industries Ltd has emerged as one of the most active stocks today, particularly in the options market. The company, a significant player in the Pharmaceuticals & Biotechnology sector, has seen notable activity in its call options, with 3,105 contracts traded for a strike price of Rs 1,640, resulting in a turnover of approximately Rs 439.59 lakhs. The underlying value of the stock is currently at Rs 1,628.20, reflecting a robust market position.
Today, Sun Pharma's stock has outperformed its sector by 1.1%, marking a consecutive gain over the last three days with a total return of 2.89% during this period. The stock reached an intraday high of Rs 1,651.50, representing a 3.59% increase. In terms of moving averages, the stock is performing above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages.

Despite a decline in delivery volume by 21.55% compared to the 5-day average, the stock maintains sufficient liquidity for trading, with a trade size of Rs 11.73 crore based on 2% of the 5-day average traded value. Open interest stands at 1,321 contracts, indicating ongoing interest in the stock's options. Overall, Sun Pharmaceutical Industries Ltd continues to demonstrate significant activity and resilience in the market.