Avenue Supermarts' Put Options Surge: 6,491 Contracts at Rs 4,200 Strike Highlight Activity

Avenue Supermarts Ltd, operating in the diversified retail sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, DMART, is currently valued at Rs 4,284.20. Notably, a significant number of put options were traded, with 6,491 contracts exchanged at a strike price of Rs 4,200, resulting in a turnover of Rs 33.88 lakhs. The open interest for these puts stands at 341 contracts, indicating a moderate level of interest among traders.
In terms of performance, Avenue Supermarts has outperformed its sector by 0.44% today, reflecting a one-day return of 0.51%, compared to the sector's return of 0.50% and the Sensex's decline of 0.24%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a noted decrease in investor participation, with delivery volume falling by 5.26% against the 5-day average.

With a market capitalization of Rs 2,77,694 crore, Avenue Supermarts continues to demonstrate liquidity, supporting trade sizes of up to Rs 9.8 crore based on 2% of the 5-day average traded value. Overall, the activity in Avenue Supermarts' put options reflects a dynamic trading environment, underscoring the stock's current market position.