Eternal Ltd Sees Surge in Active Put Options with 5,971 Contracts Traded

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, is currently valued at Rs 239.95. Notably, the put options expiring on June 26, 2025, have seen significant activity, with 5,971 contracts traded, resulting in a turnover of Rs 901.772 lakhs. The open interest stands at 2,266 contracts, indicating a robust interest in these options.
In terms of performance, Eternal has outperformed its sector by 1.1% today, reflecting a one-day return of 0.26%, while the broader Sensex recorded a modest gain of 0.04%. The stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, suggesting mixed trends in the longer term.

Investor participation has seen a decline, with delivery volume dropping by 44.89% compared to the 5-day average. However, the stock maintains sufficient liquidity, with a trade size of Rs 69.87 crores based on 2% of the 5-day average traded value. Overall, the activity surrounding Eternal Ltd's puts highlights a notable interest in the stock amid fluctuating market conditions.