Astral Ltd Sees Surge in Put Option Activity: 8,917 Contracts at Rs 1,260 Strike

Astral Ltd, a prominent player in the plastic products industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, ASTRAL, has seen significant activity with 8,917 contracts traded for puts expiring on May 29, 2025, at a strike price of Rs 1,260. This trading activity generated a turnover of approximately Rs 1,047.50 lakhs, while the open interest stands at 1,586 contracts, indicating a notable level of engagement among traders.
In terms of price performance, Astral has underperformed its sector by 0.93%, with a one-day return of -2.91%. The stock has been on a downward trend, experiencing a consecutive fall over the last two days, resulting in a total decline of 4%. Today, it reached an intraday low of Rs 1,326.70, reflecting a decrease of 4.64%. The weighted average price suggests that more volume was traded closer to this low price point.

Despite being above the 5-day, 20-day, and 50-day moving averages, ASTRAL's performance is currently below the 100-day and 200-day moving averages. The plastic products sector overall has also seen a decline of 2.05%. Additionally, investor participation appears to be waning, with delivery volume dropping by 15.27% compared to the 5-day average.

In summary, Astral Ltd's put options activity highlights a significant moment in the stock's trading landscape, reflecting broader trends within the company and its sector.