Interglobe Aviation Sees Surge in Put Option Activity with 7,151 Contracts at ₹5,700 Strike

Interglobe Aviation Ltd, operating under the brand 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 2,21,280.00 crore, has seen substantial trading activity in its put options with various strike prices.
Notably, the put option with a strike price of 5700, expiring on 30-Sep-2025, recorded the highest trading volume, with 7,151 contracts traded and a turnover of approximately Rs 1,297.80 lakh. Another put option at the same expiry but with a strike price of 5800 saw 6,996 contracts traded, contributing to a turnover of Rs 1,714.61 lakh. The underlying value for these options stands at Rs 5,734.00.

Despite the active trading in options, Interglobe Aviation's stock has underperformed the sector by 0.31% today, continuing a downward trend with a three-day return of -7.52%. The stock is currently trading above its 100-day and 200-day moving averages, yet below its shorter-term moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising significantly.

In summary, Interglobe Aviation's put options are witnessing heightened activity, reflecting the current market dynamics, while the stock itself is navigating a challenging performance landscape.