Surge in Angel One Ltd's Put Options: 9,860 Contracts Traded at Rs 2,200 Strike

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 activity with 9,860 contracts traded, resulting in a turnover of Rs 12.64 crore. The put options have a strike price of Rs 2,200 and are set to expire on September 30, 2025, indicating a strategic interest in the stock's potential movement.
Despite this activity, Angel One's performance today has underperformed its sector by 1%, with a one-day return of -0.77%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment in the short to medium term.

Open interest stands at 2,044 contracts, suggesting a moderate level of ongoing interest in these puts. Additionally, the stock's liquidity remains adequate, with a delivery volume of 2.78 lakh shares on September 15, which has decreased by 4.11% compared to the 5-day average.

In summary, while Angel One Ltd is witnessing notable activity in its put options, the stock's recent performance and technical indicators suggest a cautious outlook among investors.