ABB India Ltd Sees 3,517 Put Contracts Traded at Rs 5000 Strike Amid 4.41% Decline

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, trading at Rs 5036, has seen significant activity with 3,517 put contracts traded at a strike price of Rs 5000, resulting in a turnover of approximately Rs 512.25 lakhs. The open interest stands at 1,069 contracts, indicating a notable level of engagement among traders.
Today, ABB India underperformed its sector, recording a decline of 2.27%, and has faced a consecutive fall over the past three days, with a total drop of 5.12%. The stock opened with a gap down of 2.47% and reached an intraday low of Rs 4976, reflecting a decrease of 4.82%. The weighted average price suggests that more volume was traded closer to this low price point.

In terms of moving averages, ABB India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Despite these challenges, there has been a rise in investor participation, with delivery volume increasing by 137.64% compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 1.63 crore, based on 2% of the 5-day average traded value.

In summary, ABB India Ltd's recent performance highlights a challenging market environment, characterized by declining stock prices and increased put option activity, reflecting the current sentiment among traders.