Eternal Ltd Sees Surge in Active Put Options with 30,406 Contracts Traded Today

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 227.59. Notably, two put options with expiry dates set for May 29, 2025, have garnered significant attention.
The put option with a strike price of Rs 230.0 saw 12,728 contracts traded, resulting in a turnover of Rs 1,081.88 lakhs, while the Rs 225.0 strike price option recorded 17,678 contracts traded with a turnover of Rs 901.578 lakhs. The open interest for these options stands at 3,859 and 1,941 contracts, respectively, indicating a robust interest in these positions.

Despite the heightened activity in the options market, the stock has faced challenges, experiencing a consecutive decline over the past two days with a total return of -5.44%. The stock's performance today aligns with the sector, which saw a 1D return of -0.65%, while the Sensex recorded a similar decline of -0.68%.

Eternal Ltd maintains a market capitalization of Rs 2,16,216.11 crore, reflecting its large-cap status. The stock's liquidity remains favorable, with a delivery volume of 5.49 crore on May 26, marking a 215.36% increase against the five-day average. Overall, the current trends in the options market and stock performance highlight the dynamic nature of Eternal Ltd amidst a challenging market environment.