Surge in Asian Paints Ltd. Put Options: 13,149 Contracts Traded at Rs 2,300 Strike

Asian Paints Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with a significant focus on put options. The underlying stock, ASIANPAINT, is currently valued at Rs 2,322.00, and the put option expiring on May 29, 2025, has a strike price of Rs 2,300. Today, 13,149 contracts were traded, resulting in a turnover of approximately Rs 1,511.54 lakhs, while open interest stands at 2,656 contracts.
In terms of performance, Asian Paints has underperformed its sector by 0.34% today, although it has shown signs of a trend reversal after two consecutive days of decline. The stock's moving averages indicate that it is currently above the 50-day and 100-day averages but below the 5-day, 20-day, and 200-day averages. Notably, investor participation has increased, with a delivery volume of 101,000 shares on May 7, reflecting a rise of 50.08% compared to the 5-day average.

Despite a one-day return of 0.42%, Asian Paints continues to maintain liquidity, with trading activity representing 2% of the 5-day average traded value, making it suitable for trades around Rs 1.14 crore. Overall, the activity surrounding Asian Paints highlights the stock's current dynamics in the market without delving into future implications.