Surge in Aurobindo Pharma's Active Put Options: 2,765 Contracts at Rs 1100 Strike

Aurobindo Pharma Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, AUROPHARMA, is currently valued at Rs 1098.0. Notably, there has been significant activity in put options, with 2,765 contracts traded at a strike price of Rs 1100, resulting in a turnover of approximately Rs 634.61 lakhs. The open interest stands at 793 contracts, indicating ongoing interest in these options.
Today, Aurobindo Pharma has underperformed its sector by 1.69%, continuing a downward trend with a three-day decline of 5.17%. The stock reached an intraday low of Rs 1088, reflecting a drop of 4.54%. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish sentiment.

Despite the challenges, there has been a notable increase in investor participation, with delivery volume rising by 775.69% compared to the 5-day average. The liquidity remains robust, accommodating trades of up to Rs 3.93 crore. Overall, Aurobindo Pharma's current market dynamics highlight a complex interplay of factors affecting its stock performance and options activity.