Grasim Industries Sees Surge in Active Put Options with 5,083 Contracts at Rs 2,700 Strike

Grasim Industries Ltd, a prominent player in the Cement & Cement Products industry, has emerged as one of the most active stocks in the options market today, particularly with its put options. The company’s underlying stock, GRASIM, is currently valued at Rs 2,725. Notably, two significant put options are drawing attention: one with a strike price of Rs 2,600, which saw 3,356 contracts traded and a turnover of Rs 149.97 lakhs, and another with a strike price of Rs 2,700, where 5,083 contracts were traded, resulting in a turnover of Rs 655.55 lakhs. The open interest for these options stands at 1,134 and 1,062, respectively.
In terms of performance, Grasim Industries has outperformed its sector by 3.06% today, marking a consecutive gain over the last four days with a total return of 7.18%. The stock opened with a gap up of 3.89% and reached an intraday high of Rs 2,742, reflecting a 5.12% increase. Grasim is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that investor participation has declined, with delivery volume dropping by 44.98% compared to the 5-day average.

Overall, Grasim Industries continues to show robust activity in the options market, reflecting its significant market position and recent performance trends.