Adani Ports Sees Surge in Put Options Activity with 7,237 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, particularly in put options. The underlying stock, ADANIPORTS, is currently valued at Rs 1432.5. Notably, two put options with expiry dates set for June 26, 2025, have garnered significant attention.
The put option with a strike price of Rs 1440 saw 6,131 contracts traded, resulting in a turnover of approximately Rs 989.46 lakhs, while the option with a strike price of Rs 1400 recorded 7,237 contracts traded and a turnover of around Rs 718.31 lakhs. The open interest for these options stands at 851 and 2,438 contracts, respectively, indicating a robust interest in these positions.

In terms of performance, Adani Ports has underperformed its sector by 0.42% today, continuing a downward trend with a two-day return of -2.72%. The stock has traded within a narrow range of Rs 13.6 and is currently above its 20, 50, 100, and 200-day moving averages, but below its 5-day moving average. Despite a slight decline of 0.38% in its one-day return, the stock has shown rising investor participation, with delivery volume increasing by 47.83% compared to the five-day average.

Overall, the activity in Adani Ports' put options reflects a notable engagement in the market, amidst a backdrop of fluctuating performance metrics and investor dynamics.