LTI Mindtree Ltd Sees Surge in Active Put Options with 1,247 Contracts Traded

LTI Mindtree Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, LTIM, has seen significant activity with 1,247 contracts traded, reflecting a turnover of approximately Rs 84.15 lakhs. The put options have a strike price of Rs 4,000 and are set to expire on May 29, 2025, with an open interest of 562 contracts.
In terms of price performance, LTI Mindtree has underperformed its sector by 1.05% today, marking a trend reversal after three consecutive days of gains. The stock is currently valued at Rs 4,513, which is higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Notably, investor participation has risen, with a delivery volume of 437,000 shares on April 23, up 73.71% compared to the 5-day average.

Despite a one-day return of -0.58%, the stock remains liquid, accommodating trade sizes of up to Rs 5.44 crore based on 2% of the 5-day average traded value. Overall, LTI Mindtree's current market dynamics reflect a complex interplay of trading activity and performance metrics, underscoring its position within the large-cap IT sector.