Avenue Supermarts Ltd Sees Surge in Active Put Options with 1,627 Contracts at Rs 4,300 Strike

Avenue Supermarts Ltd, a prominent player 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, has seen significant activity in put options, with 1,627 contracts traded at a strike price of Rs 4,300. This activity generated a turnover of approximately Rs 287.78 lakhs, while the open interest stands at 935 contracts, indicating ongoing interest in this option.
Today, Avenue Supermarts' stock value is reported at Rs 4,354.2, reflecting a one-day return of -1.97%. The stock has experienced a trend reversal, having fallen after two consecutive days of gains, with an intraday low of Rs 4,361, marking a decline of 2.05%. Despite this dip, Avenue Supermarts is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term positive trend.

The retail sector overall has faced a slight downturn, with a -2.03% return today. However, investor participation appears to be rising, as evidenced by a delivery volume of 468,000 shares on July 1, which is up 79.94% compared to the 5-day average. The liquidity of Avenue Supermarts remains robust, accommodating trades of Rs 5.16 crore based on 2% of the 5-day average traded value.

In summary, Avenue Supermarts Ltd is witnessing notable activity in its put options, reflecting a complex interplay of market dynamics amid a broader sector decline.