Delhivery Ltd Sees Surge in Put Options Activity with 8,981 Contracts at Rs 350 Strike

Delhivery Ltd, a prominent player in the Transport Services industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on May 29, 2025, have seen significant activity, with 8,981 contracts traded at a strike price of Rs 350. This trading activity has generated a turnover of approximately Rs 1,188.31 lakhs, while the open interest stands at 815 contracts, indicating a robust interest in these options.
Today, Delhivery's stock has outperformed its sector by 8.8%, opening with a notable gain of 4.68%. The stock reached an intraday high of Rs 367.7, reflecting a 14.6% increase, and has traded within a wide range of Rs 35.4 throughout the day. The weighted average price suggests that more volume was traded closer to the lower end of this range.

Delhivery is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that investor participation has decreased, with delivery volume dropping by 65.04% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 1.14 crore, with a one-day return of 9.47%, significantly outperforming the sector's return of 1.66% and the Sensex's decline of 0.13%. Overall, Delhivery's performance today highlights its active presence in the market amidst fluctuating investor engagement.