Surge in Active Put Options: Asian Paints Sees 2,250 Contracts at Rs 2,300 Strike

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, saw significant activity with 2,250 contracts traded for puts with a strike price of Rs 2,300, resulting in a turnover of approximately Rs 180.05 lakhs. The underlying value of the stock stands at Rs 2,351.4, indicating a close proximity to the strike price.
As of today, Asian Paints' performance aligns closely with sector trends, reflecting a one-day return of -0.85%, slightly better than the sector's return of -0.87%. The stock's liquidity remains robust, with trading activity representing 2% of the five-day average traded value, sufficient for a trade size of Rs 5.14 crores. However, investor participation has shown signs of decline, with delivery volume dropping by 11% compared to the five-day average.

In terms of moving averages, the stock is performing higher than the 5-day, 20-day, 50-day, and 100-day averages, but remains below the 200-day moving average. Open interest for the put options stands at 1,946, reflecting ongoing interest in this segment. Overall, Asian Paints continues to navigate a dynamic market environment, with its options activity highlighting current investor strategies.