HCL Technologies Sees 1,649 Put Contracts at Rs 1,440 Strike Amid Declining Delivery Volume

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 1,474.5, with notable activity surrounding put options set to expire on October 28, 2025. The strike price for these puts is Rs 1,440, and a total of 1,649 contracts have been traded, resulting in a turnover of approximately Rs 138.57 lakhs. Open interest stands at 955 contracts, indicating a significant level of engagement in this option type.
In terms of performance, HCL Technologies has outperformed its sector by 0.61% today, marking its sixth consecutive day of gains with a total return of 6.1% over this period. The stock's moving averages indicate it is currently above the 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day averages. Despite a decline in investor participation, with delivery volume dropping by 44.06% compared to the 5-day average, the stock maintains a high dividend yield of 4.13% and sufficient liquidity for trades up to Rs 5.25 crore.

In summary, HCL Technologies Ltd is witnessing significant activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.