Eternal Ltd Sees Surge in Active Put Options with 16,050 Contracts Traded at Rs 300 Strike

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, ETERNAL, is currently valued at Rs 302.25, just 1.88% shy of its 52-week high of Rs 311.25.
Today, the stock has shown notable performance, outperforming its sector by 1.49%. It has been on a positive trajectory, gaining for four consecutive days and achieving a remarkable 18.78% return during this period. The stock reached an intraday high of Rs 308.1, reflecting a 2% increase.

In the options market, a significant number of put contracts were traded, with 16,050 contracts exchanged at a turnover of Rs 2,354.74 lakhs. The open interest stands at 4,861 contracts, indicating ongoing interest in this option type, which has a strike price of Rs 300 and an expiry date set for July 31, 2025.

Eternal Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 3.42 crore shares on July 23, marking a 14.71% increase compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 53.84 crore.

In summary, Eternal Ltd's recent performance and activity in the options market highlight its strong market position and investor interest, reflecting the company's ongoing growth in the competitive E-Retail landscape.