Asian Paints Ltd. Sees Surge in Active Call Options with 6,730 Contracts Traded

Asian Paints Ltd. has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The company, a prominent player in the paints industry, has seen its call options for the expiry date of May 29, 2025, garner attention with a strike price of Rs 2,500. A total of 6,730 contracts were traded, resulting in a turnover of approximately Rs 947.32 lakhs, while open interest stood at 2,298 contracts, indicating ongoing interest in this option.
In terms of performance metrics, Asian Paints has outperformed its sector by 0.42% today, with a modest 1.64% gain over the last two days. The stock's current underlying value is Rs 2,459.90, which is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite this positive trend, there has been a noted decline in investor participation, with delivery volume dropping by 20.19% compared to the 5-day average.

Overall, Asian Paints continues to demonstrate resilience in the market, maintaining a strong position within the large-cap segment, with a market capitalization of Rs 2,35,857.14 crore. The stock's activity today highlights its ongoing relevance in the paints industry.