Eternal Ltd Sees 2,679 Put Contracts Traded at Rs. 320 Strike Price

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, has seen significant activity in put options, with 2,679 contracts traded at a strike price of Rs. 320. The turnover for these options reached approximately Rs. 136.43 lakhs, while the open interest stands at 2,437 contracts, indicating a robust interest in this option type.
Today, Eternal reached a new 52-week high of Rs. 346.8, outperforming its sector by 1.04%. The stock has demonstrated a consistent upward trend, gaining 6.3% over the past five days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting strong momentum.

Investor participation has also increased, with a delivery volume of 1.1 crore shares on October 8, marking a 2.4% rise compared to the 5-day average. The liquidity remains favorable, with the stock being liquid enough for a trade size of Rs. 11.67 crore, based on 2% of the 5-day average traded value.

In summary, Eternal Ltd's stock activity today highlights its strong market position and investor engagement, underscoring the dynamics within the E-Retail sector.