Delhivery Ltd Sees Surge in Active Put Options with 11,373 Contracts Traded at Rs 350 Strike

Delhivery Ltd, a prominent player in the Transport Services industry, 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, DELHIVERY, is currently valued at Rs 353.4, with a notable expiry date for the put options set for May 29, 2025.
Today, a total of 11,373 put contracts were traded at a turnover of approximately Rs 1,568.63 lakhs, indicating significant activity. The strike price for these puts is set at Rs 350, with an open interest of 533 contracts, reflecting ongoing interest in this option.

In terms of performance, Delhivery has outperformed its sector by 0.7% and has shown a consecutive gain over the last two days, accumulating a return of 10.55% during this period. The stock reached an intraday high of Rs 359.6, marking a 2.38% increase. Additionally, Delhivery is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Investor participation has also surged, with a delivery volume of 73.62 lakhs on May 19, reflecting a remarkable increase of 438.93% compared to the 5-day average. The stock's liquidity remains robust, accommodating trades of up to Rs 1.67 crore based on 2% of the 5-day average traded value.

In summary, Delhivery Ltd's active put options trading today highlights the stock's strong market position and recent performance trends, underscoring its significance in the transport services sector.