Surge in Put Option Activity for Apollo Hospitals: 3,273 Contracts at Rs 7500 Strike

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 company, operating in the hospital industry with a market capitalization of Rs 1,08,003.85 crore, has seen significant trading activity in its put options expiring on July 31, 2025.
Among the notable trades, the put option with a strike price of Rs 7500 led the activity with 3,273 contracts traded, resulting in a turnover of Rs 662.74 lakh and an open interest of 811 contracts. Other active strike prices included Rs 7000, with 2,502 contracts traded and a turnover of Rs 72.55 lakh, and Rs 7400, which saw 1,760 contracts traded for a turnover of Rs 249.68 lakh.

The underlying stock, APOLLOHOSP, is currently valued at Rs 7501.0, having reached a new 52-week high of Rs 7584.5 today. The stock outperformed its sector by 2.99% and opened with a gain of 3.22%. It also touched an intraday high of Rs 7584.5, reflecting a 4.73% increase. Despite a slight decline in investor participation, with a delivery volume of 2.26 lakh shares down by 4.04% from the five-day average, the stock remains liquid enough for trades sized at Rs 5.64 crore.

In summary, Apollo Hospitals is witnessing robust activity in its put options, reflecting a dynamic trading environment amid its strong performance metrics.