Eternal Ltd Sees Surge in Put Options: 11,653 Contracts at Rs 255 Strike Price

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, ETERNAL, is currently valued at Rs 256.8. Notably, several put options with an expiry date of June 26, 2025, have seen significant trading activity.
The put option with a strike price of Rs 255 led the activity with 11,653 contracts traded, generating a turnover of Rs 1,736.297 lakhs and an open interest of 1,806 contracts. Following closely, the Rs 240 strike price option recorded 12,474 contracts traded and a turnover of Rs 763.4088 lakhs, with an open interest of 4,899. Other notable strike prices include Rs 230, Rs 245, and Rs 260, with respective contracts traded of 6,586, 7,356, and 9,002.

In terms of performance, Eternal Ltd has outperformed its sector by 0.82% today, marking a three-day consecutive gain with an overall return of 8.54%. The stock has maintained a narrow trading range of Rs 2.24 and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is worth noting that investor participation has declined, with delivery volume dropping by 30.68% compared to the 5-day average.

Overall, the trading activity in Eternal Ltd's put options reflects a dynamic market environment, highlighting the stock's current liquidity and performance metrics.