Surge in Asian Paints Ltd. Put Options: 15,541 Contracts at 2,300 Strike Price

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 2,25,224.00 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 2,340 witnessed the trading of 10,637 contracts, generating a turnover of Rs 501.53 lakh. Meanwhile, the 2,300 strike price put option recorded even higher activity, with 15,541 contracts traded and a turnover of Rs 365.99 lakh. The underlying value for both options stands at Rs 2,394.20, indicating a robust interest in hedging against potential declines.

In terms of performance, Asian Paints has underperformed its sector by 3.04% today, with a one-day return of -1.13%. The stock has been gaining slightly over the past day, with a return of -1.33% during this period. The weighted average price suggests that more volume was traded closer to the low price, while liquidity remains adequate for trades sized at Rs 2.31 crore.

Overall, the activity in Asian Paints' put options reflects a notable engagement from investors, amidst a backdrop of fluctuating stock performance and market dynamics.