Larsen & Toubro Ltd. Sees Surge in Active Put Options with 2,363 Contracts Traded

Larsen & Toubro Ltd., a prominent player in the construction industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, LT, is currently valued at Rs 3,650.00, with a notable put option expiring on July 31, 2025, at a strike price of Rs 3,600.
Today, 2,363 contracts of this put option were traded, generating a turnover of approximately Rs 4.30 lakhs, while the open interest stands at 3,514 contracts. This activity reflects a significant engagement in the options market, indicating a keen interest among traders.

In terms of performance, Larsen & Toubro has underperformed its sector by 0.45% today, following a trend reversal after two consecutive days of gains. The stock has traded within a narrow range of Rs 29, and it is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend.

Despite a one-day return of -0.49%, the stock has seen a substantial increase in delivery volume, rising by 358.85% compared to the 5-day average, indicating heightened investor participation. With a market capitalization of Rs 5,04,090.00 crore, Larsen & Toubro remains a significant entity in the large-cap segment of the market. Overall, the activity in the put options reflects a dynamic trading environment surrounding the stock.