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Stock option emerges as multibagger in today’s session; Colpal 1720 CE option skyrockets

Karan Dsij
/ Categories: Trending, Mindshare
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Stock option emerges as multibagger in today’s session; Colpal 1720 CE option skyrockets

Options are the most actively traded instruments in the country today and the testimony of this is that it has a lion share in the daily turnover on NSE.   

Originally, options were introduced as instruments to hedge risk but now, that’s just a thing of the past. A lot of retailers are finding trading in options lucrative as in a single day, not only one but multiple options have the potential to give multifold returns. Additionally, the capital required for buying option is small when compared to buying a futures contract.   

So, let’s check which stock options have climbed sharply in today’s session. There are more than 80 stock options, which have proved to be a multibagger in today’s session.    

The first name in the list is Colgate-Palmolive (India); the stock’s 1660, 1680, 1700 and 1720 Call option strike have delivered more than 500 per cent return in a single trading session and that too, when Tuesday’s trading session has just begun! The 1720 Call option strike has jumped more than 650 per cent. This option had closed at Rs 1.60 as of May 25 and today, it made a high of Rs 18, and currently, it is trading around Rs 12.5. So, if anyone would have bought 1720 Call option of Colgate-Palmolive at the time of Monday’s closing, his total investment would have been Rs 560 (1.6*350) and Rs 4,375 as of today.   

Other stock options, which are seen skyrocketing are Asian Paints’ 2880, 2900, 2920, 2940, 2960, 2980 and 3000 Call option strike. JSW Steel’s 690, 695, 700, 710, 715 Call option has also witnessed a jump in excess of 150 per cent. Britannia’s 3400, 3420, 3400 and 3450 Call option too jumped more than 200 per cent.   

On the Put option side, Amara Raja Batteries' 740, 750 and 760 Put options have delivered multifold returns.   

This aspect of option motivates us to trade in this instrument but at the same time, there is a certain kind of risk involved in this instrument. Hence, we need to trade wisely in this riskier class of instruments.   

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