Surge in Hindustan Aeronautics Ltd Put Options: 4,383 Contracts at Rs 5,000 Strike

Hindustan Aeronautics Ltd (HAL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on May 29, 2025, have seen significant activity, with 4,383 contracts traded at a strike price of Rs 5,000. This has resulted in a turnover of approximately Rs 210.57 lakhs, while open interest stands at 2,394 contracts, indicating a robust engagement from market participants.
Despite the notable trading activity, HAL's stock has experienced a slight decline of 0.15% today, contrasting with the sector's marginal gain of 0.02%. The stock has recently reversed its trend after two consecutive days of gains, reflecting a shift in momentum. Currently, HAL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term outlook.

However, investor participation appears to be waning, with delivery volume dropping by 25.87% compared to the 5-day average. The liquidity remains adequate, with the stock capable of supporting trades up to Rs 25.38 crore based on 2% of the 5-day average traded value. Overall, while HAL's options activity is noteworthy, the stock's recent performance and investor engagement present a mixed picture.