Adani Enterprises Ltd Sees Surge in Put Options Activity with 2,970 Contracts at Rs 2500 Strike

Adani Enterprises Ltd, a prominent player in the diversified industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, ADANIENT, is currently valued at Rs 2484.00. Notably, the put options with expiry on June 26, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 2500 recorded the highest activity, with 2,970 contracts traded and a turnover of Rs 855.47 lakhs, while the Rs 2400 strike price saw 2,329 contracts traded, generating a turnover of Rs 376.67 lakhs. The Rs 2300 strike price also contributed with 1,654 contracts traded and a turnover of Rs 139.28 lakhs. Open interest for these options stands at 3,555 for the Rs 2500 strike, 1,854 for the Rs 2400 strike, and 1,006 for the Rs 2300 strike.

In terms of performance, Adani Enterprises has underperformed its sector by 0.62%, with a one-day return of -1.97%. The stock has been on a downward trend, losing 2.52% over the last three days. It touched an intraday low of Rs 2452, reflecting a decline of 2.65%. Despite this, the stock remains liquid, with a delivery volume of 3.98 lakhs, which has increased by 98.78% compared to the five-day average.

In summary, Adani Enterprises Ltd is experiencing notable activity in its put options, reflecting current market dynamics and investor behavior, while the stock itself is navigating a challenging performance landscape.