Eternal Ltd's Put Options Surge: 5,970 Contracts at 230 Strike Fuel Trading Buzz

Eternal Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, ETERNAL, has seen significant trading activity with multiple strike prices for puts expiring on May 29, 2025.
Notably, the put option with a strike price of 230 has recorded the highest trading volume, with 5,970 contracts traded and a turnover of Rs 1,127.14 lakhs. Following closely, the 220 strike price put saw 5,475 contracts traded, generating a turnover of Rs 676.71 lakhs. Other active puts include those with strike prices of 210, 225, and 200, with respective contract volumes of 5,074, 4,199, and 3,556.

Despite opening with a loss of 5.36%, Eternal has shown resilience, touching an intraday high of Rs 239.44, reflecting a 2.98% increase. The stock has outperformed its sector by 1.68% and has gained 4.96% over the last three days. With an underlying value of Rs 237.9, the stock remains liquid, supported by a delivery volume increase of 32.57% against its five-day average.

In summary, Eternal Ltd's active put options reflect a dynamic trading environment, underscored by notable trading volumes and a solid market position within the IT software sector.