Adani Green Energy Sees Surge in Put Options with 2,956 Contracts at Rs 1,000 Strike

Adani Green Energy Ltd, a prominent player in the power sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ADANIGREEN, has seen significant activity in put options, with 2,956 contracts traded at a strike price of Rs 1,000, resulting in a turnover of Rs 346.38 lakhs. The open interest stands at 1,460 contracts, indicating a robust engagement from market participants.
Today, Adani Green Energy outperformed its sector by 1.55%, marking a notable trend reversal after two consecutive days of decline. The stock opened with a gain of 4.71%, reaching an intraday high of Rs 1,034.5, reflecting a 5.68% increase. Currently, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum.

Despite a one-day return of 2.86%, investor participation has shown signs of decline, with delivery volume dropping by 22.51% compared to the 5-day average. Nevertheless, the stock remains liquid, accommodating trade sizes of Rs 2.22 crore based on 2% of the 5-day average traded value.

In summary, Adani Green Energy's recent performance highlights its resilience in the market, with significant activity in put options reflecting ongoing investor engagement.