Avenue Supermarts Sees Surge in Active Put Options with 9,364 Contracts 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 put options. The stock, trading under the symbol DMART, has seen significant activity with 9,364 contracts traded for puts with a strike price of Rs 4,200, resulting in a turnover of Rs 408.04 lakhs. The underlying value of the stock is currently at Rs 4,286.5, indicating a robust market position.
Today, Avenue Supermarts has outperformed its sector by 0.73%, marking a consecutive gain over the last two days with an impressive return of 8.38% during this period. The stock reached an intraday high of Rs 4,284, reflecting a 7.13% increase. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.

Despite the positive performance, there has been a notable decline in investor participation, with delivery volume dropping by 66.47% compared to the 5-day average. However, the stock remains liquid enough for trades sized at Rs 3.51 crore, based on 2% of the 5-day average traded value. Overall, Avenue Supermarts continues to demonstrate resilience in the retail sector, with its recent performance reflecting strong market dynamics.