Cipla Ltd. Sees 5,281 Put Contracts Traded at Rs 1,600 Strike Price

Cipla Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, CIPLA, is currently valued at Rs 1605.0, which is approximately 4.46% away from its 52-week high of Rs 1673.
Today, a total of 5,281 put contracts were traded with a turnover of Rs 292.30 lakhs, indicating significant activity in this option type, which has a strike price of Rs 1600 and an expiry date set for October 28, 2025. The open interest stands at 2,119 contracts, reflecting ongoing interest among traders.

Despite this activity, Cipla's stock has underperformed its sector by 2.38% today, with a one-day return of -2.48%. The stock has faced consecutive declines over the past two days, accumulating a total drop of 3.73%. It reached an intraday low of Rs 1590, and trading volume has shown a notable increase, with delivery volume rising by 48.54% compared to the five-day average.

Cipla's liquidity remains robust, with trading activity reflecting 2% of the five-day average traded value, supporting a trade size of Rs 5.7 crore. The stock's performance metrics indicate it is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

In summary, while Cipla Ltd. has seen heightened activity in its put options today, the stock's recent performance has been marked by declines, highlighting a complex market scenario.