HCL Technologies Sees Surge in Active Put Options: 11,208 Contracts Traded at Rs 1400 Strike

HCL Technologies Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, HCLTECH, is currently valued at Rs 1420.1, with a notable expiry date for the options set for September 30, 2025. The put option has a strike price of Rs 1400, and today, a significant volume of 11,208 contracts was traded, resulting in a turnover of approximately Rs 840.26 lakhs. The open interest stands at 1,420 contracts, indicating ongoing interest in this option.
In terms of performance, HCL Technologies has outperformed its sector by 0.29% today, marking a trend reversal after two consecutive days of decline. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Despite this, there has been a rise in investor participation, with a delivery volume of 23.39 lakhs on September 5, reflecting a 57.56% increase compared to the 5-day average.

The stock's one-day return is recorded at 0.18%, while the sector and Sensex returns are at 0.15% and 0.34%, respectively. HCL Technologies, operating in the Computers - Software & Consulting industry, boasts a market capitalization of Rs 3,85,544.00 crore, categorizing it as a large-cap company. Overall, the activity in HCL Technologies' put options highlights a significant moment in its trading landscape, reflecting both current market dynamics and investor behavior.