Surge in CG Power's Active Put Options: 1,626 Contracts at Rs 700 Strike Price

CG Power & Industrial Solutions Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The company, operating in the Heavy Electrical Equipment industry, has seen significant trading activity with 1,626 put contracts traded at a strike price of Rs 700, resulting in a turnover of approximately Rs 248.36 lakhs. The open interest stands at 935 contracts, indicating a robust interest in this option.
Today, CG Power's underlying stock value is Rs 723.7, reflecting a strong performance as it outperformed its sector by 1.07%. The stock has been on a positive trajectory, gaining 6.47% over the last two days, and opened with a gap up of 2.26%. It reached an intraday high of Rs 711.9, marking a 2.53% increase.

In terms of liquidity, the stock is considered liquid enough for a trade size of Rs 9.33 crore, with a delivery volume of 31.74 lakhs on August 29, which is a 25.45% increase compared to the five-day average. CG Power is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In summary, CG Power & Industrial Solutions Ltd is experiencing notable activity in the options market, reflecting its solid performance metrics and market position.