Eternal Ltd Sees Surge in Active Put Options with 7,578 Contracts at Rs 230 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, has seen significant activity in put options, with 7,578 contracts traded at a strike price of Rs 230. The total turnover for these options reached approximately Rs 663.45 lakhs, while the open interest stands at 2,900 contracts, indicating a notable level of market engagement.
Despite this activity, Eternal has underperformed its sector by 3.49% today, reflecting a broader trend of decline, as the stock has experienced a consecutive fall over the past two days, resulting in a total return of -6.22%. The stock touched an intraday low of Rs 229.61, down 3.54% from the previous close.

The weighted average price suggests that more volume was traded closer to this low price, and while the stock remains above its 50-day moving averages, it is below the 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased, with delivery volume falling by 38.64% compared to the five-day average.

In terms of liquidity, the stock remains liquid enough for a trade size of Rs 10.95 crores, based on 2% of the five-day average traded value. Overall, the activity in Eternal Ltd's put options highlights a significant moment in the market, reflecting current investor sentiment and trading dynamics.