Surge in Mahindra & Mahindra Put Options: 14,251 Contracts Traded at Rs 3000 Strike

Mahindra & Mahindra Ltd, a prominent player in the automobiles sector, 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, M&M, is currently valued at Rs 2997.8, with a notable expiry date for the put options set for May 29, 2025.
Today, a total of 14,251 put contracts were traded at a turnover of approximately Rs 963.57 lakhs, indicating significant activity. The strike price for these options is set at Rs 3000, with an open interest of 3,322 contracts, reflecting ongoing interest among traders.

In terms of price performance, Mahindra & Mahindra has underperformed its sector by 0.86%, with the stock hitting an intraday low of Rs 2980.5, representing a decline of 3.57%. The weighted average price suggests that more volume was traded closer to this low price. While the stock remains above its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages.

Investor participation has seen a decline, with delivery volume dropping by 52.34% compared to the 5-day average. Despite this, the stock maintains adequate liquidity for trades sized at Rs 5.52 crore, based on 2% of the 5-day average traded value.

In summary, Mahindra & Mahindra's put options activity today reflects a complex interplay of market dynamics, with notable trading volumes and a backdrop of fluctuating investor engagement.