HCL Technologies Sees Surge in Active Put Options: 6,544 Contracts Traded at Rs 1600 Strike

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 the put options segment. The company’s underlying stock, HCLTECH, is currently valued at Rs 1620.8, with a notable put option expiring on July 31, 2025, at a strike price of Rs 1600. Today, 6,544 contracts were traded, resulting in a turnover of approximately Rs 908.37 lakhs, while the open interest stands at 2,507 contracts.
Despite this activity, HCL Technologies has underperformed its sector by 2.73%, continuing a downward trend with a seven-day consecutive decline, totaling an 8.69% drop in returns. The stock reached an intraday low of Rs 1570.1, reflecting a decrease of 3.07%. Additionally, HCL Technologies is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

On a positive note, there has been a rise in investor participation, with a delivery volume of 21.54 lakhs on July 14, marking a 44.89% increase compared to the 5-day average. The stock also boasts a high dividend yield of 3.72% at its current price, and liquidity remains sufficient for trades sized at Rs 9.44 crore, based on 2% of the 5-day average traded value.

In summary, while HCL Technologies shows significant activity in the options market, the stock's recent performance reflects ongoing challenges within the broader market context.