Adani Enterprises Sees Surge in Active Put Options with 6,866 Contracts Traded

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 2,644.80. Notably, a significant number of put contracts were traded, with 6,866 contracts exchanged, resulting in a turnover of approximately Rs 1,100.55 lakhs. The open interest stands at 4,777 contracts, indicating a robust interest in this option type, which expires on July 31, 2025, with a strike price set at Rs 2,600.
In terms of performance, Adani Enterprises has underperformed its sector by 0.8% today, marking a trend reversal after six consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a generally positive long-term trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 109.07% compared to the 5-day average.

Despite a one-day return of -1.04%, the stock maintains sufficient liquidity for trades, with a capacity for a trade size of Rs 8.68 crore based on 2% of the 5-day average traded value. Overall, the activity surrounding Adani Enterprises' put options highlights significant market engagement, underscoring the stock's current dynamics within the broader financial landscape.