Lupin Ltd. Sees Surge in Active Put Options with 2,137 Contracts at Rs 1900 Strike

Lupin Ltd., a prominent player in the Pharmaceuticals & Biotechnology sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, LUPIN, is currently valued at Rs 1931.0, reflecting a notable performance with a one-day return of 4.21%, significantly outperforming its sector, which saw a return of just 0.22%.
Today, the trading activity for Lupin's put options has been particularly noteworthy, with 2,137 contracts traded at a strike price of Rs 1900, resulting in a turnover of approximately Rs 355.57 lakhs. The open interest stands at 1,108 contracts, indicating a robust interest in these options.

The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 1937.9, marking a 4.65% increase. Additionally, it is trading above its 5-day and 20-day moving averages, although it remains below the longer-term averages of 50, 100, and 200 days.

Investor participation has also risen, with a delivery volume of 5.56 lakhs on August 5, up 13.14% from the 5-day average. The liquidity of the stock is adequate for trades around Rs 5.86 crore, based on 2% of the 5-day average traded value.

In summary, Lupin Ltd. is experiencing heightened activity in its options market, reflecting a dynamic trading environment amidst its recent stock performance.