Eternal Ltd Sees 5,354 Contracts in 340 Strike Price Puts Amid Stock Decline

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 340.05. Notably, three significant put options are drawing attention, all set to expire on October 28, 2025.
The put option with a strike price of Rs 340 saw the highest activity, with 5,354 contracts traded and a turnover of Rs 1,077.63 lakhs, alongside an open interest of 2,752 contracts. Following closely, the Rs 330 strike price option recorded 4,298 contracts traded and a turnover of Rs 476.32 lakhs, with an open interest of 3,092. The Rs 335 strike price option also saw considerable activity, with 3,562 contracts traded and a turnover of Rs 543.32 lakhs, and an open interest of 1,138.

In terms of performance, Eternal Ltd has underperformed its sector by 1.36%, with a one-day return of -2.33%. The stock has been on a downward trend, losing 4.23% over the last two days, and opened with a gap down of 2.26% today, reaching an intraday low of Rs 333.75. Despite these challenges, the stock remains liquid, with a delivery volume increase of 147.36% compared to its five-day average.

In summary, the activity in put options for Eternal Ltd reflects a notable engagement in the market, amidst a backdrop of recent price declines and fluctuating investor participation.