Eternal Ltd Sees 9,607 Active Put Options at Rs 300 Strike Amid Declining Trends

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks in the market today, particularly in the options space. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 9,607 contracts exchanged at a turnover of approximately Rs 591.74 lakhs. The strike price for these puts is set at Rs 300, while the underlying stock is currently valued at Rs 301.95, just 4.02% shy of its 52-week high of Rs 314.45.
Despite this activity, Eternal Ltd has underperformed its sector by 1.08% today, marking a consecutive decline over the past three days, with a total drop of 3.46%. The stock reached an intraday low of Rs 300, reflecting a decrease of 2.38%. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong long-term trend.

However, investor participation appears to be waning, with delivery volume plummeting by 75.11% compared to the 5-day average. The stock remains liquid, with a trade size of Rs 68.24 crores based on 2% of the 5-day average traded value. Overall, while the trading activity in put options is noteworthy, the stock's recent performance and declining investor engagement present a complex picture for Eternal Ltd.