Eternal Ltd Sees Surge in Active Put Options, 4,729 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 in terms of put options today. The company’s underlying stock, ETERNAL, is currently valued at Rs 295.2. Notably, several put options with an expiry date of August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 300 led the activity, with 4,729 contracts traded and a turnover of approximately Rs 1,314.21 lakhs. Following closely, the Rs 290 strike price option recorded 3,811 contracts traded and a turnover of Rs 637.68 lakhs. Other notable strike prices include Rs 295, with 3,252 contracts and Rs 280, with 2,929 contracts traded, reflecting a robust interest in these options.

Despite this activity, the stock has faced challenges, experiencing a decline of 2.13% over the past three days, including a 2.44% drop at the market open today. The stock touched an intraday low of Rs 291. Additionally, investor participation has decreased, with delivery volume falling by 10.97% against the five-day average.

In summary, while Eternal Ltd's put options are actively traded, the stock's recent performance indicates a downward trend, highlighting the complexities of the current market environment.