Surge in Active Put Options for Interglobe Aviation Ltd at Rs 5000 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. With an expiry date set for May 29, 2025, the stock's put options at a strike price of Rs 5000 have seen significant trading activity, with 6,093 contracts exchanged, resulting in a turnover of approximately Rs 20.18 crore. The open interest stands at 2,977 contracts, indicating ongoing interest in these options.
Today, the stock opened with a gap down of 3.38%, reflecting a broader trend as it has experienced a consecutive decline over the past four days, accumulating a total return of -8.96%. The intraday low reached Rs 4,891.5, marking a decrease of 4.95% from the previous close. Despite this downturn, 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 has shown a notable increase, with delivery volume rising by 101.78% compared to the five-day average, totaling 12.21 lakh shares on May 8. The liquidity of the stock is also favorable, accommodating trades of up to Rs 2.07 crore based on 2% of the five-day average traded value.

In summary, Interglobe Aviation Ltd's put options activity reflects a significant engagement in the market, amidst a backdrop of declining stock performance and increased investor participation.