Surge in Asian Paints Ltd. Put Options: 2,417 Contracts at Rs 2,400 Strike Active

Asian Paints 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 paints industry with a market capitalization of Rs 2,30,371.00 crore, has seen significant trading activity in its put options with expiry set for July 31, 2025.
Notably, the put option with a strike price of Rs 2,380 recorded 2,066 contracts traded, generating a turnover of Rs 50.38 lakh and an open interest of 813 contracts. Meanwhile, the put option at a strike price of Rs 2,400 saw even higher activity, with 2,417 contracts traded and a turnover of Rs 81.62 lakh, alongside an open interest of 1,219 contracts. The underlying value of Asian Paints stands at Rs 2,430.20.

In terms of performance, Asian Paints has been gaining traction, with a 3.69% increase 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, indicating a strong upward trend. Additionally, the stock's delivery volume has surged by 136.33% compared to its 5-day average, reflecting rising investor participation.

Overall, Asian Paints continues to demonstrate robust activity in both its stock and options markets, highlighting its significant position within the paints industry.