Surge in Asian Paints Ltd. Put Options: 2,030 Contracts at Rs 2,400 Strike Active

Asian Paints Ltd., a prominent player in the paints industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, ASIANPAINT, is currently valued at Rs 2,447.10. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The put option with a strike price of Rs 2,300 saw 1,521 contracts traded, resulting in a turnover of Rs 43.91 lakhs, while the Rs 2,400 strike price option recorded 2,030 contracts traded, leading to a turnover of Rs 170.37 lakhs. The open interest for these options stands at 2,254 and 1,909 contracts, respectively, indicating a robust interest among traders.

In terms of performance, Asian Paints has shown a positive trend, gaining 4.57% over the last three days, with a one-day return of 1.25%, outperforming the sector's return of 1.03%. The stock's liquidity remains strong, with a delivery volume of 9.27 lakhs on July 2, reflecting a 70.55% increase compared to the five-day average.

Overall, Asian Paints continues to demonstrate resilience in the market, supported by solid trading activity in its put options.