Eicher Motors Sees Surge in Active Put Options with 2,428 Contracts Traded at Rs 5600 Strike

Eicher Motors Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, EICHERMOT, is currently valued at Rs 5576.5. Notably, the put options expiring on August 28, 2025, with a strike price of Rs 5600, have seen significant activity, with 2,428 contracts traded and a turnover of Rs 538.14 lakhs. The open interest stands at 353 contracts, indicating ongoing interest in these options.
In terms of performance, Eicher Motors has outperformed its sector by 1.01%, with the stock reaching an intraday high of Rs 5670, reflecting a 3.68% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 12.15% compared to the 5-day average.

Despite a one-day return of 1.98%, the broader market, represented by the Sensex, saw a slight decline of 0.02%. Eicher Motors, with a market capitalization of Rs 1,53,703 crore, continues to demonstrate robust liquidity, supporting trades of up to Rs 3.12 crore based on recent averages. Overall, the activity in Eicher Motors' put options reflects a notable interest in the stock amidst a dynamic market environment.