Adani Ports Sees Surge in Active Put Options with 14,879 Contracts Traded at Rs 1400

Adani Ports & Special Economic Zone Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, ADANIPORTS, is currently valued at Rs 1397.8, with a notable put option expiring on May 29, 2025, at a strike price of Rs 1400.
Today, a total of 14,879 contracts were traded, resulting in a turnover of Rs 1660.50 lakhs, while the open interest stands at 2,264 contracts. This activity reflects a significant interest in the stock's performance amidst a backdrop of falling investor participation, as evidenced by a delivery volume of 6.36 lakhs on May 19, which has decreased by 55.06% compared to the five-day average.

In terms of price performance, Adani Ports has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the stock has experienced a slight decline of 0.09% today, aligning closely with the sector's performance, which saw a 0.33% drop. The stock has traded within a narrow range of Rs 13.2, indicating a period of consolidation.

Overall, the activity surrounding Adani Ports' put options highlights the stock's current market dynamics, characterized by significant trading volume and a stable underlying value.