Surge in Put Option Activity for ABB India Ltd with 2,767 Contracts Traded

ABB India Ltd, a prominent player in the Heavy Electrical Equipment industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, ABB, is currently valued at Rs 5,515.00. Notably, there were 2,767 put contracts traded with a turnover of approximately Rs 463.71 lakhs, indicating significant activity among investors. The put options have a strike price of Rs 5,500 and are set to expire on July 31, 2025, with an open interest of 1,265 contracts.
In terms of performance, ABB India has underperformed its sector by 0.8%, with a one-day return of -1.63%. The stock has been on a downward trend, experiencing a consecutive decline over the past five days, resulting in a total drop of 6.44%. Furthermore, ABB is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment.

Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 58.09% compared to the 5-day average. The stock remains liquid enough for trades, with a size of Rs 3.73 crore based on 2% of the 5-day average traded value. Overall, ABB India Ltd's current market activity highlights a complex interplay of factors affecting its stock performance.