LTI Mindtree Ltd Sees Surge in Put Options with 2,333 Contracts at Rs 5,500 Strike

LTI Mindtree Ltd, a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The stock, trading under the ticker LTIM, has seen significant activity with 2,333 put contracts traded at a strike price of Rs 5,500, resulting in a turnover of approximately Rs 274.33 lakhs. The open interest stands at 581 contracts, indicating ongoing interest in this option.
Today, LTI Mindtree's underlying value is reported at Rs 5,579.5, reflecting a robust performance as it outperformed its sector by 1.97%. The stock has been on a positive trajectory, gaining 5.71% over the past five days, with a notable intraday high of Rs 5,619, marking a 3.61% increase. Additionally, LTI Mindtree is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a strong upward trend.

Investor participation has also risen, with a delivery volume of 1.22 lakhs on September 17, up 19.01% compared to the 5-day average. The stock's liquidity remains favorable, accommodating trades of Rs 1.91 crore based on 2% of the 5-day average traded value. Overall, LTI Mindtree's recent performance highlights its strong market position and investor engagement, reflecting a dynamic trading environment.