Eternal Ltd Sees Surge in Active Put Options with 14,177 Contracts 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 310.5, just 1.53% shy of its 52-week high of Rs 314.45.
Today, the trading activity for put options has been significant, with 14,177 contracts traded at a strike price of Rs 300, generating a turnover of approximately Rs 680.71 lakhs. Additionally, 17,412 contracts were traded for puts with a strike price of Rs 310, resulting in a turnover of around Rs 2,106.98 lakhs. The open interest for these options stands at 4,934 and 1,578 contracts, respectively.

Despite outperforming its sector by 0.57%, Eternal Ltd has faced a consecutive decline over the past two days, with a total return of -1.1%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. However, investor participation has seen a notable decrease, with delivery volume dropping by 52.84% compared to the 5-day average.

In summary, while Eternal Ltd shows robust trading activity in its put options, the recent performance trends highlight a complex market environment for the company.