Eternal Ltd Sees Surge in Active Put Options: 6,201 Contracts Trade at Rs 260 Strike

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 270.55. Notably, the trading activity surrounding put options has been significant, with 6,201 contracts traded, resulting in a turnover of approximately Rs 508.26 lakhs. The put options have a strike price of Rs 260 and are set to expire on July 31, 2025, indicating a strategic interest among traders.
In terms of performance, Eternal Ltd has outperformed its sector by 2.5%, showcasing resilience despite a broader market context. The stock has maintained a steady position above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. Additionally, the stock has seen a notable increase in investor participation, with a delivery volume of 2.64 crore shares on July 14, marking a 132.41% rise compared to the 5-day average.

With an open interest of 1,596 contracts, the liquidity remains robust, supporting a trade size of Rs 8.93 crore. The stock's one-day return stands at 2.22%, contrasting with a sector return of -0.18% and a Sensex return of 0.09%. Overall, Eternal Ltd continues to demonstrate strong market activity and investor engagement, highlighting its position in the E-Retail landscape.