Surge in Angel One Ltd Put Options: 7,919 Contracts at Rs 3,000 Strike Price

Angel One Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, ANGELONE, has seen significant trading activity with 7,919 contracts traded at a strike price of Rs 3,000, resulting in a turnover of approximately Rs 913.67 lakhs. The open interest stands at 1,583 contracts, indicating a notable level of engagement among traders.
Despite this activity, Angel One's stock has underperformed its sector by 3.76%, reflecting a one-day return of -1.18%. The stock reached an intraday low of Rs 2,992.1, marking a decline of 2.84%. Interestingly, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term bullish trend despite today's downturn.

Investor participation has seen a rise, with delivery volume increasing by 57.55% compared to the 5-day average, totaling 7.02 lakhs on May 23. The liquidity remains robust, supporting trades up to Rs 7.6 crore based on 2% of the 5-day average traded value. As the capital markets industry continues to evolve, Angel One's performance and trading dynamics will be closely monitored.