Vedanta Ltd. Sees 6,126 Active Call Contracts at Rs 470 Strike Price

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, VEDL, is currently valued at Rs 479.2. Notably, two call options with expiry dates set for October 28, 2025, have garnered attention. The option with a strike price of Rs 500 saw 5,482 contracts traded, resulting in a turnover of approximately Rs 440.67 lakhs, while the Rs 470 strike price option recorded 6,126 contracts traded, leading to a turnover of around Rs 1,256.81 lakhs.
The open interest for the Rs 500 strike stands at 5,643 contracts, and for the Rs 470 strike, it is at 2,704 contracts, indicating active engagement from traders. Performance metrics reveal that Vedanta's stock has touched an intraday high of Rs 476.25, reflecting a 2.45% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Despite a decline in delivery volume, the stock maintains a high dividend yield of 6.78%, underscoring its liquidity and market position. Overall, Vedanta Ltd. continues to demonstrate robust activity in the market, highlighting its significance within the sector.