ITC Ltd. Sees Surge in Active Put Options with 2,648 Contracts at Rs 420 Strike

ITC Ltd., a prominent player in the FMCG sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock is currently valued at Rs 418.05. Notably, three put options with expiry on August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 420 recorded 2,648 contracts traded, generating a turnover of Rs 268.19 lakhs and an open interest of 2,146 contracts. Meanwhile, the Rs 415 strike price put saw 2,354 contracts traded, with a turnover of Rs 160.45 lakhs and an open interest of 1,800 contracts. The Rs 410 strike price option was also active, with 2,481 contracts traded and a turnover of Rs 111.94 lakhs, alongside an open interest of 2,691 contracts.

In terms of performance, ITC has been gaining traction, with a 2.88% increase over the last three days. The stock's performance today aligns with sector trends, showing a 0.66% one-day return compared to the sector's 0.76%. The stock remains liquid, with a delivery volume of 88.41 lakhs, reflecting a 26.47% increase against the five-day average. Overall, ITC Ltd. continues to demonstrate robust activity in the options market, highlighting its significant market presence.