Divis Laboratories Sees 8,390 Contracts in Rs 5700 Puts Amid Bearish Trend

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 5754.5. Notably, two significant put options are drawing attention: one with a strike price of Rs 5600, which saw 6,074 contracts traded and a turnover of Rs 198.68 lakhs, and another with a strike price of Rs 5700, where 8,390 contracts were traded, resulting in a turnover of Rs 546.36 lakhs.
The expiry date for these options is set for September 30, 2025, with open interest figures of 1,233 and 1,278 respectively. Despite this activity, Divis Laboratories has underperformed its sector by 0.75% today, continuing a downward trend with a five-day loss of 8%. The stock reached an intraday low of Rs 5698.5, reflecting a decline of 3.37%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

Investor participation has also decreased, with delivery volume dropping by nearly 49% compared to the five-day average. Despite these challenges, the stock remains liquid enough for trades of Rs 4.41 crore based on recent averages. Overall, the activity in put options for Divis Laboratories highlights a notable moment in the stock's current trajectory.