Surge in Interglobe Aviation Ltd's Put Options: 11,268 Contracts at Rs 5,500 Strike Price

Interglobe Aviation Ltd, operating under the brand name INDIGO, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a significant player in the airline industry with a market capitalization of Rs 2,01,417.10 crore, has seen notable trading activity in its put options with an expiry date set for June 26, 2025.
Today, 11,268 contracts were traded at a strike price of Rs 5,500, resulting in a turnover of approximately Rs 2,064.75 lakh. The underlying value of the stock is currently at Rs 5,444. Despite outperforming its sector by 0.64%, Interglobe Aviation has faced challenges, with the stock experiencing a consecutive decline over the past two days, resulting in a total return of -6.55%.

The stock opened with a gap down of 5.05% and reached an intraday low of Rs 5,176, reflecting a one-day return of -4.83%. While the stock remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages. Notably, investor participation has increased, with a delivery volume of 8.51 lakh shares on June 12, marking a 23.19% rise compared to the 5-day average.

In summary, Interglobe Aviation's put options activity highlights the stock's current volatility and market dynamics, reflecting broader trends within the airline sector.