Rs 145 Calls on Ashok Leyland Ltd. Signal Heavy Activity and Near-ATM Interest On June 9, 2026, Ashok Leyland Ltd. saw significant trading activity in its Rs 145 call options, with 3,263 contracts exchanged at the strike price. The stock closed at Rs 142.87, just below the strike, indicating a near-at-the-money (ATM) focus. This heavy call buying coincided with a 1.42% gain in the cash market, suggesting synchronized directional interest from traders. The call series expiring on June 30, 2026, generated a turnover of approximately ₹7.96 crores, with open interest at 3,235 contracts—nearly matching the day’s traded volume. This parity between traded contracts and open interest implies a surge in fresh positions rather than rollovers or squaring of existing bets. The Rs 145 strike, marginally above the stock’s closing price, positions the calls as ATM options, which are highly sensitive to price movements due to their high gamma. This sensitivity suggests traders are betting on near-term directional movement rather than a distant upside target. The proximity of the strike to the current price indicates buyers are likely anticipating a moderate rally or a breakout above this level, rather than a sharp surge. Analysts note that such precise strike selection often reflects market sentiment leaning toward a short-term rebound. The contracts-to-open interest ratio of approximately 1:1 further underscores the influx of new money into the call options. This ratio is unusual and points to active positioning ahead of the June 30 expiry, which is just three weeks away. The open interest level, while moderate, suggests the strike is not yet heavily entrenched with large positions. This dynamic could indicate traders are testing the waters or building positions in anticipation of a near-term move.#stock_market #call_options #ashok_leyland_ltd #rs_145 #june_30_2026
