ITC Ltd. Sees Surge in Active Put Options with 8,123 Contracts at Rs 420 Strike

ITC Ltd., a prominent player in the FMCG sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on May 29, 2025, have seen significant trading activity. Notably, 8,103 contracts were traded for the put option with a strike price of Rs 425, generating a turnover of approximately Rs 502.43 lakh. Additionally, the put option with a strike price of Rs 420 recorded 8,123 contracts traded, contributing a turnover of around Rs 303.89 lakh.
The underlying value of ITC shares stands at Rs 437.85, reflecting a 2.56% one-day return, which is in line with the sector's performance. The stock has shown a trend reversal, gaining after four consecutive days of decline, and reached an intraday high of Rs 436.75, marking a 2.5% increase.

Open interest for the Rs 425 put option is at 1,970 contracts, while the Rs 420 put option has an open interest of 1,639 contracts. The stock's liquidity remains robust, with a delivery volume of 1.22 crore shares on May 22, up 51.77% compared to the five-day average. ITC's market capitalization is approximately Rs 5,46,867.03 crore, solidifying its position as a large-cap entity in the FMCG industry.

In summary, ITC Ltd. is witnessing heightened activity in its put options, reflecting notable trading dynamics and a recent recovery in its stock performance.