Surge in Cyient Ltd. Put Options: 10,120 Contracts at Rs 1,300 Strike Price

Cyient Ltd., a mid-cap player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, CYIENT, has seen significant activity with 10,120 put contracts traded at a strike price of Rs 1,300, resulting in a turnover of approximately Rs 855.63 lakhs. The open interest stands at 749 contracts, indicating a notable level of engagement among traders.
Today, CYIENT's performance has underperformed its sector by 3.81%, reflecting a broader trend reversal as the stock has declined after three consecutive days of gains. The stock reached an intraday low of Rs 1,283.1, marking a decrease of 5.41%. The weighted average price suggests that more volume was traded closer to this low price, highlighting a shift in trading dynamics.

Despite being above the 50-day moving averages, Cyient is currently trading below the 5-day, 20-day, 100-day, and 200-day moving averages. Investor participation has seen a rise, with delivery volume increasing by 103.04% compared to the five-day average. The stock remains liquid enough for trades around Rs 1.12 crore, based on 2% of the five-day average traded value.

In summary, Cyient Ltd. is experiencing notable activity in its put options, reflecting current market conditions and trading behaviors without indicating future trends.