Surge in Interglobe Aviation's Put Options: 3,904 Contracts at Rs 5800 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 2,26,192.60 crore, saw notable activity in its put options expiring on July 31, 2025, with a strike price set at Rs 5800.
A total of 3,904 contracts were traded, generating a turnover of approximately Rs 706 lakh, while the open interest stood at 1,296 contracts. The underlying stock value was recorded at Rs 5822.0, which is just 2.78% away from its 52-week high of Rs 6018.

In terms of price performance, the stock experienced a day's low of Rs 5770, reflecting a decline of 3.03%. The weighted average price indicated that more volume was traded closer to this low price. Additionally, the stock's moving averages are higher than the 20-day, 50-day, 100-day, and 200-day averages, although it is lower than the 5-day moving average.

Investor participation has shown a decline, with delivery volume dropping by 40.77% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 11.33 crore, indicating a stable trading environment.

In summary, Interglobe Aviation's put options activity reflects a significant engagement in the market, with key metrics indicating a mixed performance amidst a backdrop of fluctuating investor participation.