Surge in Apollo Hospitals Put Options: 8,269 Contracts at Rs 7800 Strike Highlight Active Hedging

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, a prominent player in the hospital industry with a market capitalization of Rs 1,12,483.00 crore, has seen significant trading activity in its put options with expiry set for August 28, 2025.
Notably, the put option with a strike price of Rs 7700 recorded 8,086 contracts traded, generating a turnover of Rs 855.09 lakh, while the put option at a strike price of Rs 7800 saw 8,269 contracts traded with a turnover of Rs 1,300.92 lakh. The underlying value for both options stands at Rs 7821.5, indicating a robust interest in hedging against potential declines.

In terms of stock performance, Apollo Hospitals reached a new 52-week high of Rs 7888 today and has shown a consistent upward trend, gaining 8.89% over the last three days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong bullish sentiment. However, there has been a noted decline in investor participation, with delivery volume dropping by 11.19% compared to the 5-day average.

Overall, Apollo Hospitals continues to demonstrate resilience in the market, with liquidity sufficient for trades around Rs 12.97 crore, despite the recent dip in delivery volumes.