Surge in Hindustan Zinc Ltd Put Options: 4,462 Contracts at Rs 400 Strike Price

Hindustan Zinc Ltd, a prominent player in the Non-Ferrous Metals 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, HINDZINC, has seen significant activity with 4,462 contracts traded for puts with a strike price of Rs 400, reflecting a turnover of approximately Rs 309.15 lakhs. The options are set to expire on July 31, 2025, and currently, there is an open interest of 909 contracts.
Today, Hindustan Zinc's stock is trading at Rs 423.1, which is lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has faced a consecutive decline over the past eight days, resulting in a total drop of 5.81%. During this period, it reached an intraday low of Rs 415.15, marking a decrease of 4.83%.

Despite the challenges, the stock maintains a high dividend yield of 4.36% at its current price. However, investor participation has waned, with delivery volume dropping by 38.08% compared to the 5-day average. The overall performance of the Non-Ferrous Metals sector has also been under pressure, declining by 2.9%.

In summary, Hindustan Zinc's recent activity in the options market highlights the stock's current volatility and the broader trends affecting its performance.