Surge in Call Option Activity for Vodafone Idea Ltd. with 2,744 Contracts at Rs 8 Strike

Vodafone Idea Ltd., a prominent player in the Telecom Services sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s call options, set to expire on June 26, 2025, have seen significant trading activity, with 2,744 contracts exchanged at a strike price of Rs 8. This activity has generated a turnover of Rs 109.88 lakhs, while the open interest stands at 10,770 contracts, indicating a robust interest in this option.
Currently, Vodafone Idea's underlying value is Rs 6.67, positioning it close to its 52-week low of Rs 6.46, just 3.73% away. The stock has faced challenges recently, underperforming its sector by 1.87% and experiencing a consecutive decline over the past two days, resulting in a total drop of 4.55%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend.

Despite these challenges, there has been a notable increase in investor participation, with a delivery volume of 87.83 crore on June 3, marking a 345.46% rise compared to the 5-day average. The stock remains liquid enough for trades around Rs 10.85 crore, suggesting that while it faces headwinds, there is still active engagement in its trading. Overall, Vodafone Idea's current market dynamics highlight a complex interplay of trading activity and performance metrics.