Larsen & Toubro Sees 3,493 Contracts in Active Rs 3,650 Put Options Trade

Larsen & Toubro Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a prominent player in the construction industry, has seen significant activity with 3,493 put contracts traded, reflecting a turnover of approximately Rs 23.35 lakhs. The options have a strike price of Rs 3,650 and are set to expire on September 30, 2025, with an open interest of 3,019 contracts.
In terms of stock performance, Larsen & Toubro has underperformed its sector by 0.31%, with a one-day return of -0.85%. The stock has been on a downward trend, experiencing a consecutive fall over the last two days, resulting in a total decline of 1.64%. It has traded within a narrow range of Rs 28.4, indicating limited volatility.

Despite these challenges, the stock remains liquid, with a delivery volume of 15.53 lakhs on September 29, which is up by 28.57% compared to the five-day average. The underlying value of the stock is currently at Rs 3,652.5, and it is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

In summary, Larsen & Toubro's notable activity in the put options market reflects current market dynamics, with key performance indicators suggesting a cautious outlook amidst recent declines.