HCL Technologies Sees 5,482 Contracts for 1520 Strike Price Put Option Traded

HCL Technologies Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, HCLTECH, is currently valued at Rs 1508.1.
Notably, the put options with an expiry date of October 28, 2025, have seen significant trading activity. The strike price of Rs 1520 led the pack with 5,482 contracts traded, generating a turnover of approximately Rs 582.74 lakhs. Following closely are the Rs 1440 strike puts, with 5,291 contracts traded and a turnover of Rs 96.51 lakhs. Other notable strike prices include Rs 1460, Rs 1400, and Rs 1420, with respective contracts traded of 4,506, 4,375, and 2,838.

The stock has outperformed its sector by 1.04% today, reaching an intraday high of Rs 1535, reflecting a 2.7% increase. Despite this positive performance, investor participation has shown a decline, with delivery volume dropping by 13.73% compared to the five-day average. The stock remains liquid, suitable for trades up to Rs 5.26 crore, and boasts a high dividend yield of 4.02%.

In summary, HCL Technologies is witnessing notable activity in its put options, reflecting a dynamic trading environment, while the stock itself continues to show resilience in performance metrics.