Vodafone Idea Sees 9,038 Call Contracts at Rs 9 Strike Price Amid Market Dip

Vodafone Idea Ltd., a mid-cap player in the Telecom Services industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options for the expiry date of October 28, 2025, have seen significant trading activity. Notably, 8,366 contracts were traded at a strike price of Rs 10, generating a turnover of approximately Rs 1,674.29 lakhs, while 9,038 contracts were traded at a strike price of Rs 9, resulting in a turnover of around Rs 3,488.35 lakhs. The open interest for these options stands at 7,151 and 5,233 contracts, respectively.
Despite this activity, Vodafone Idea's stock has underperformed its sector by 1.31% today, with a 1-day return of -0.45%. The stock has experienced a trend reversal, falling after two consecutive days of gains. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. The stock's underlying value is currently at Rs 8.71, with a delivery volume of 22.2 crore on October 3, reflecting a 35.94% increase compared to the 5-day average. Overall, Vodafone Idea continues to exhibit notable trading activity amidst mixed performance indicators.