Surge in Put Option Activity for Hindustan Aeronautics Ltd with 8,009 Contracts Traded at Rs 4,700

Hindustan Aeronautics Ltd (HAL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks in terms of put options today. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 8,009 contracts traded at a strike price of Rs 4,700. This activity has generated a turnover of approximately Rs 928.28 lakhs, while the open interest stands at 1,904 contracts, indicating a robust interest in this option type.
Despite the heightened activity in the options market, HAL's stock has underperformed the sector by 0.31%, reflecting a one-day return of -1.55%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Currently, HAL's underlying value is Rs 4,680, which is positioned above the 100-day and 200-day moving averages but below the 5-day, 20-day, and 50-day moving averages.

Investor participation has shown signs of decline, with a delivery volume of 432,000 shares on July 22, down 13.1% from the five-day average. Nevertheless, the stock remains liquid enough for trades of Rs 10.42 crore, based on 2% of the five-day average traded value. As the market continues to evolve, HAL's performance and trading dynamics will be closely monitored.