Divis Laboratories Sees Surge in Active Put Options, 4,531 Contracts at Rs 6,300 Strike

Divis Laboratories 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 put options. The company’s underlying stock, DIVISLAB, is currently valued at Rs 6,561.
Notably, the put options with an expiry date of May 29, 2025, have seen significant trading activity. The strike price of Rs 6,300 led the pack with 4,531 contracts traded, resulting in a turnover of approximately Rs 421.45 lakhs. Following closely, the Rs 6,400 strike price recorded 3,948 contracts with a turnover of Rs 511.42 lakhs. Other notable strike prices include Rs 6,200 with 3,860 contracts and Rs 6500 with 3,548 contracts traded, reflecting a robust interest in these options.

The stock has recently hit a new 52-week high of Rs 6,489 and has outperformed its sector by 2.35%. Over the past two days, Divis Laboratories has gained 4.15%, with a one-day return of 3.99%. Despite a decline in delivery volume by 17.18% compared to the five-day average, the stock remains liquid, suitable for trades around Rs 4.76 crore.

In summary, Divis Laboratories Ltd is experiencing heightened activity in its put options, reflecting a dynamic trading environment amid its recent performance gains.