Surge in Asian Paints Ltd. Put Options: 17,021 Contracts with Rs 2,300 Strike Price

Asian Paints Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, ASIANPAINT, has seen significant activity with 17,021 contracts traded, resulting in a turnover of approximately Rs 1,919.73 lakhs. The put options have a strike price of Rs 2,300 and are set to expire on May 29, 2025, with an open interest of 3,819 contracts.
In terms of price performance, Asian Paints has shown resilience, gaining after four consecutive days of decline. The stock reached an intraday high of Rs 2,346, reflecting a 2.02% increase. Currently, the stock's value stands at Rs 2,303.1. It is trading above its 50-day and 100-day moving averages, although it remains below the 5-day, 20-day, and 200-day moving averages.

Despite a slight decline in investor participation, with delivery volume dropping by 11.77% compared to the five-day average, the stock maintains adequate liquidity for trading, with a size of Rs 0.23 crore based on 2% of the five-day average traded value. The stock's one-day return is recorded at 1.57%, slightly outperforming the sector's return of 1.52% and the Sensex's return of 2.51%.

In summary, Asian Paints Ltd. is experiencing notable activity in its put options, reflecting current market dynamics while showcasing a recovery in its stock performance after recent declines.