Surge in Interglobe Aviation's Active Put Options: 5,629 Contracts Traded at Rs 5,400 Strike

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, has seen a notable trading volume with 5,629 put contracts exchanged, reflecting a turnover of approximately Rs 1,080.60 lakhs. The puts have a strike price of Rs 5,400 and are set to expire on May 29, 2025, with an open interest of 1,671 contracts.
In terms of performance, Interglobe Aviation has underperformed its sector by 1.02%, with a one-day return of -0.10%. The stock has experienced a slight decline of 1.68% over the last day, reaching an intraday low of Rs 5,329.50, which represents a drop of 2.42%. Despite this, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.

Investor participation appears to be waning, with delivery volume decreasing by 18.4% compared to the 5-day average. Nevertheless, the stock maintains adequate liquidity, allowing for trades of up to Rs 1.71 crore based on 2% of the 5-day average traded value. Overall, Interglobe Aviation's activity in the options market reflects a complex interplay of market dynamics and investor behavior.