Wipro Ltd. Sees Surge in Call Options: 15,439 Contracts at Rs 270 Strike Price

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its call options. The stock, currently valued at Rs 266.5, saw notable movements in its options market, particularly for contracts expiring on July 31, 2025.
The call option with a strike price of Rs 265 recorded 7,548 contracts traded, generating a turnover of approximately Rs 1,037.1 lakhs, while the Rs 270 strike price option saw even higher activity with 15,439 contracts traded and a turnover of Rs 1,380.2 lakhs. Open interest for these options stands at 2,013 and 6,081 respectively, indicating robust market engagement.

In terms of performance, Wipro outperformed its sector by 2.84% today, opening with a gain of 3.07%. The stock reached an intraday high of Rs 271.9, reflecting a 4.34% increase. Despite this positive movement, delivery volume has decreased by 37.34% compared to the five-day average, suggesting a decline in investor participation.

Overall, Wipro's trading activity today highlights its liquidity and market position, with the stock trading above its short-term moving averages but below its long-term 200-day moving average.