Larsen & Toubro Ltd. Sees 7,766 Active Put Options at Rs 3,400 Strike

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 capital goods industry, has seen significant trading activity in its put options with expiry set for May 29, 2025.
Notably, the put option with a strike price of Rs 3,300 recorded 7,075 contracts traded, generating a turnover of approximately Rs 436.22 lakhs, while the Rs 3,400 strike price option saw 7,766 contracts traded, resulting in a turnover of around Rs 808.49 lakhs. The open interest for these options stands at 3,481 and 1,585 contracts, respectively, indicating a robust interest in these positions.

On the stock performance front, Larsen & Toubro has outperformed its sector by 2.91% today, with a one-day return of 3.08%. The stock has been on a positive trajectory, gaining 3.36% over the last two days. It reached an intraday high of Rs 3,477, reflecting a 4.61% increase. The stock's current value is Rs 3,423, which is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also seen a rise, with delivery volumes increasing by 48.93% compared to the 5-day average. The liquidity of the stock remains favorable, supporting trades of up to Rs 2.81 crores based on recent averages. Overall, Larsen & Toubro's current market activity highlights its significant position within the capital goods sector, marked by notable trading volumes and positive performance metrics.