Grasim Industries Sees Surge in Active Put Options with 5,440 Contracts Traded at Rs 2,500 Strike

Grasim Industries Ltd, a prominent player in the cement industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, GRASIM, has seen significant activity with 5,440 put contracts traded, reflecting a turnover of approximately Rs 226.52 lakhs. The puts have a strike price of Rs 2,500 and are set to expire on May 29, 2025, with an open interest of 484 contracts.
In terms of price performance, Grasim Industries has shown resilience, gaining 1.58% today, which is notably higher than the sector's average return of 1.20% and contrasts with the Sensex's decline of 0.34%. The stock's current value stands at Rs 2,725.6, indicating a strong position relative to its strike price.

Despite a recent trend reversal after three consecutive days of decline, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below the 5-day moving average. Investor participation has seen a slight decrease, with delivery volume dropping by 7.33% compared to the five-day average. Nevertheless, liquidity remains robust, supporting trades of up to Rs 2.47 crore based on 2% of the five-day average traded value.

In summary, Grasim Industries Ltd is experiencing notable activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.