Coal India Ltd. Sees Surge in Active Put Options with 4,395 Contracts at Rs 410

Coal India Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with significant trading activity in put options. The company, operating in the Miscellaneous industry, has seen notable interest in its put options with expiry set for May 29, 2025.
Two strike prices have attracted considerable attention: 400 and 410. The put option with a strike price of 400 recorded 4,377 contracts traded, generating a turnover of Rs 1.08 crore, while the 410 strike price saw 4,395 contracts traded, resulting in a turnover of Rs 2.52 crore. The underlying value of Coal India stands at Rs 415.4, reflecting a robust market position.

In terms of performance, Coal India has outperformed its sector by 0.85%, with the stock reaching an intraday high of Rs 416.5, marking a 3.43% increase. The stock's moving averages indicate a strong short-term trend, being higher than the 5, 20, 50, and 100-day averages, although it remains below the 200-day average.

Despite a decline in delivery volume by 16.2% compared to the 5-day average, the stock maintains a high dividend yield of 6.58% and sufficient liquidity for trading. The one-day return for Coal India is reported at 3.60%, contrasting with a slight decline in the Sensex. Overall, Coal India's activity in the options market reflects a dynamic trading environment, underscoring its significant role in the current market landscape.