ITC Ltd. Sees Surge in Active Put Options with 5,605 Contracts Traded 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 the put options segment. The company’s underlying stock is currently valued at Rs 419.2, with a notable put option expiring on June 26, 2025, at a strike price of Rs 420. Today, 5,605 contracts were traded, resulting in a turnover of approximately Rs 810.1 lakhs, while the open interest stands at 2,744 contracts.
In terms of performance, ITC has been experiencing a downward trend, having lost 3.49% over the past three days. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent decline. Additionally, investor participation has waned, with a delivery volume of 1.42 crore on May 29, reflecting an 81.22% drop compared to the 5-day average.

Despite these challenges, ITC maintains a high dividend yield of 3.34% at its current price, and liquidity remains adequate for trading, with a size of Rs 89.4 crore based on 2% of the 5-day average traded value. Overall, ITC's current market activity highlights significant movements in the options market, underscoring the stock's recent performance trends.