Larsen & Toubro Sees Surge in Put Options: 17,303 Contracts at Rs 3,400 Strike

Larsen & Toubro Ltd. has emerged as one of the most active stocks in the market today, particularly in the options segment, with significant activity in put options. The company, a key player in the capital goods industry, has seen notable trading in puts with expiry set for May 29, 2025. Specifically, the put option with a strike price of Rs 3,300 recorded 14,130 contracts traded, generating a turnover of approximately Rs 833.23 lakhs and an open interest of 3,049 contracts. Meanwhile, the Rs 3,400 strike price put option saw even higher activity, with 17,303 contracts traded and a turnover of around Rs 1,723.92 lakhs, alongside an open interest of 1,716 contracts.
Today, Larsen & Toubro's stock performance has been inline with the sector, gaining 2.01% at the open and reaching an intraday high of Rs 3,569, reflecting a 3.63% increase. The stock has been on a positive trajectory, accumulating a 6.95% return over the past three days. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The capital goods sector overall has gained 3.08%, contributing to the stock's robust performance. With a market capitalization of Rs 4,86,267.95 crore, Larsen & Toubro continues to demonstrate liquidity and investor participation, evidenced by a delivery volume of 24.57 lakhs, which has increased by 76.82% compared to the 5-day average.

In summary, Larsen & Toubro's active put options trading reflects a dynamic market environment, underscoring the company's significant position within the capital goods sector.