Wipro Ltd. Sees Surge in Call Options with 9,947 Contracts at Rs 250 Strike

May 12 2025 12:00 PM IST
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Wipro Ltd. has become one of the most actively traded stocks, particularly in its options market, with notable trading volumes and open interest. The stock has shown a positive trend recently, outperforming shorter-term moving averages, while the IT sector overall has also experienced gains.
Wipro Ltd., a prominent player in the IT software industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s call options, set to expire on May 29, 2025, with a strike price of Rs 250, saw a robust trading volume of 9,947 contracts, contributing to a turnover of Rs 1,828.47 lakhs. The open interest for these options stands at 3,026 contracts, indicating a solid interest among traders.

In terms of performance, Wipro's stock has shown a positive trend, gaining 3.98% over the last two days, with an intraday high of Rs 252.18, marking a 4.2% increase. The stock's current value is Rs 250.63, which is above its 5-day and 20-day moving averages but below the longer-term averages of 50, 100, and 200 days. The IT software sector overall has also performed well, with a gain of 3.83% today.

Despite a decline in delivery volume, which fell by 12.14% compared to the 5-day average, Wipro remains liquid enough for trading, with a size of Rs 0.11 crore based on 2% of the 5-day average traded value. This activity underscores Wipro's current market position and the ongoing interest in its stock.
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