Eternal Ltd Sees Surge in Put Options Activity: 7,698 Contracts at Rs 225 Strike

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks in terms of put options today. The company’s underlying stock, ETERNAL, has seen significant trading activity, particularly with put options set to expire on May 29, 2025. Notably, 7,698 contracts were traded at a strike price of Rs 225.0, generating a turnover of Rs 281.96 lakhs, while another 7,701 contracts were traded at a strike price of Rs 230.0, with a turnover of Rs 552.31 lakhs. The open interest for these options stands at 1,995 and 3,778 contracts, respectively.
In terms of performance, Eternal has underperformed its sector by 4.04%, opening with a loss of 2% today and reaching an intraday low of Rs 227.92, reflecting a decline of 4.05%. The stock's current value is Rs 229.92, which is higher than the 50-day moving averages but lower than the 5-day, 20-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a decrease in investor participation, with delivery volume falling by 18.48% compared to the 5-day average.

Overall, the trading activity in put options for Eternal Ltd highlights a notable shift in market dynamics, reflecting current investor sentiment and market conditions without making any predictions about future performance.