Surge in Adani Enterprises Ltd Put Options: 6,534 Contracts at Rs 2200 Strike Price

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 the put options segment. The underlying stock, ADANIENT, is currently valued at Rs 2205.9, with a notable expiry date for the options set for August 28, 2025.
Today, 6,534 put contracts were traded at a turnover of Rs 962.07 lakhs, indicating significant activity. The strike price for these puts is set at Rs 2200, with an open interest of 2,459 contracts, reflecting ongoing interest in this option type.

In terms of performance, Adani Enterprises has underperformed its sector by 0.81%, continuing a downward trend with a 6.59% decline over the past three days. The stock reached an intraday low of Rs 2202.8, marking a 4.24% drop. It is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation has also seen a decline, with delivery volume dropping by 19.66% compared to the 5-day average. Despite these challenges, the stock remains liquid enough for trades sized at Rs 5.22 crore, suggesting that there are still opportunities for market engagement. Overall, the activity surrounding Adani Enterprises' put options highlights the current market dynamics and investor behavior in a fluctuating environment.