Kalyan Jewellers' Put Options Surge: 3,860 Contracts at 550 Strike Signal Market Dynamics

Kalyan Jewellers India Ltd, a prominent player in the Gems, Jewellery, and Watches industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The stock, trading under the symbol KALYANKJIL, has seen significant activity in various strike prices ahead of the expiry date on August 28, 2025.
Notably, the put option with a strike price of 550 recorded the highest trading volume, with 3,860 contracts traded and a turnover of approximately Rs 1,063.57 lakhs. This was closely followed by the 540 strike price option, which saw 3,187 contracts traded and a turnover of Rs 751.94 lakhs. Other strike prices, including 560 and 500, also demonstrated considerable activity, with 2,719 and 3,469 contracts traded, respectively.

Despite opening with a gain of 4.07% today, Kalyan Jewellers underperformed its sector by 7.47%, closing with a one-day return of -7.32%. The stock reached an intraday high of Rs 616 but also experienced a low of Rs 535, indicating high volatility with an intraday fluctuation of 8.34%. The underlying value remains at Rs 551.1, with open interest across the put options reflecting varying levels of investor engagement.

In summary, Kalyan Jewellers India Ltd's put options are witnessing robust trading activity, highlighting the stock's current market dynamics amidst a backdrop of volatility and sector underperformance.