Surge in Apollo Hospitals' Put Options: 14,644 Contracts at Rs. 7600 Strike Price

Apollo Hospitals Enterprise Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, trading at Rs. 7830.0, has seen significant activity with multiple strike prices attracting attention. Notably, the put option with a strike price of Rs. 7600 recorded the highest number of contracts traded at 14,644, generating a turnover of approximately Rs. 1723.60 lakhs and an open interest of 2,620 contracts.
Other notable put options include the Rs. 7500 strike price with 13,130 contracts traded and a turnover of Rs. 1023.98 lakhs, and the Rs. 7700 strike price, which saw 13,042 contracts traded with a turnover of Rs. 2015.32 lakhs. The expiry date for these options is set for August 28, 2025.

In terms of performance, Apollo Hospitals reached a new 52-week high of Rs. 7859.5 today, although it experienced a slight one-day return of -0.45%, compared to a sector return of -0.26%. The stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. Additionally, the stock's liquidity remains robust, with a delivery volume of 8.73 lakhs on August 13, reflecting a 249.64% increase against the 5-day average.

Overall, the activity in Apollo Hospitals' put options highlights a notable engagement in the options market, reflecting the stock's current market dynamics and investor behavior.