Surge in Angel One Ltd's Put Options: 3,387 Contracts at Rs 2,200 Strike Price

Angel One Ltd, a small-cap player in the capital markets sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on September 30, 2025, have seen significant trading activity, with 3,387 contracts traded at a strike price of Rs 2,200. This activity has generated a turnover of Rs 770.20 lakhs, while the open interest stands at 1,181 contracts, indicating a notable interest in these options.
Despite the heightened activity in the options market, Angel One's stock has underperformed, declining by 1.2% compared to its sector. The stock has faced a consecutive fall over the past six days, resulting in an overall drop of 18.1%. Today, it reached an intraday low of Rs 2,205, reflecting a decrease of 2.41%. The weighted average price suggests that more volume was traded closer to this low price.

Currently, Angel One is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a rise in investor participation, with a delivery volume of 5.95 lakhs on August 28, up by 30.07% from the 5-day average. The stock remains liquid, with a trade size of Rs 8.96 crore based on 2% of the 5-day average traded value.

In summary, while Angel One Ltd is experiencing significant options activity, the stock's recent performance reflects ongoing challenges in the market.