Adani Ports Sees Surge in Active Put Options: 3,152 Contracts at Rs 1400 Strike

Adani Ports & Special Economic Zone Ltd, a prominent player in the transport infrastructure sector, has emerged as one of the most active stocks in the options market today. The company’s underlying stock, ADANIPORTS, is currently valued at Rs 1398.3. Notably, the put options with a strike price of Rs 1400 have seen significant activity, with 3,152 contracts traded, resulting in a turnover of approximately Rs 356.80 lakhs. The open interest for these puts stands at 2,058 contracts, indicating a robust interest among traders.
Today’s performance reflects a slight decline of 0.38% for the stock, which is in line with the sector's performance, as the sector index recorded a marginal drop of 0.06%. After five consecutive days of gains, the stock has experienced a trend reversal, trading within a narrow range of Rs 9.5. Despite this pullback, Adani Ports remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

Investor participation has also increased, with a delivery volume of 14.12 lakhs on May 16, up by 4.19% compared to the 5-day average. The stock's liquidity remains strong, accommodating trades of Rs 5.38 crores based on 2% of the 5-day average traded value. Overall, while the stock has faced a minor setback today, its underlying metrics indicate a solid market position.