Avenue Supermarts Ltd Sees Surge in 6,491 Active Put Options at Rs 4,200 Strike

Avenue Supermarts Ltd, operating in the diversified retail sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, known for its DMART brand, saw significant activity with 6,491 contracts traded for puts with a strike price of Rs 4,200, resulting in a turnover of approximately Rs 33.88 lakhs. The underlying value of the stock is currently at Rs 4,284.20, indicating a slight premium over the strike price.
The stock's performance today aligns with sector trends, although it has experienced a minor decline following two consecutive days of gains. Avenue Supermarts is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a generally positive trend in its price movement. Notably, investor participation has surged, with a delivery volume of 12.77 lakhs on July 30, marking a 365.42% increase compared to the 5-day average.

With an open interest of 341 contracts, Avenue Supermarts maintains a liquid trading environment, suitable for transactions up to Rs 8.45 crores based on 2% of the 5-day average traded value. The stock's one-day return stands at 0.07%, slightly outperforming the sector's return of -0.04% and the Sensex's return of 0.12%. Overall, Avenue Supermarts continues to demonstrate robust trading activity and market presence in the diversified retail industry.