UltraTech Cement Sees Surge in Call Options with 6,591 Contracts at Rs 11,500 Strike

UltraTech Cement Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment. The company, a key player in the Cement & Cement Products industry, has seen significant activity in its call options, with 6,591 contracts traded for a strike price of Rs 11,500, resulting in a turnover of approximately Rs 563.42 lakhs. The underlying value of UltraTech Cement is currently at Rs 11,419.
As of today, the stock has been performing inline with its sector, marking a consecutive gain over the last four days with a total return of 3%. The stock has traded within a narrow range of Rs 89, indicating stable price movements. Notably, UltraTech Cement's current price is above its 5-day, 100-day, and 200-day moving averages, although it remains below the 20-day and 50-day moving averages.

Despite the positive performance, there has been a decline in investor participation, with delivery volume dropping by 20.81% compared to the 5-day average. However, the stock maintains sufficient liquidity, allowing for trades of up to Rs 5.61 crore based on 2% of the 5-day average traded value.

In summary, UltraTech Cement's recent activity reflects a stable performance amidst fluctuating investor engagement, highlighting its position in the market.