Surge in Mahindra & Mahindra Put Options: 14,496 Contracts at 2900 Strike Price Traded Today

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s stock, currently valued at Rs 3024.0, is nearing its 52-week high, just 3.92% away from Rs 3270.95.
Today, notable activity was observed in put options with various strike prices set for expiry on May 29, 2025. The 2900 strike price saw the highest trading volume, with 14,496 contracts traded and a turnover of Rs 1565.21 lakhs. Following closely, the 3000 strike price recorded 13,371 contracts and a turnover of Rs 2291.49 lakhs. The 2800 and 2950 strike prices also experienced significant trading, with 11,153 and 11,890 contracts traded, respectively.

The stock has outperformed its sector by 2.96% today, with a one-day return of 3.39%. It opened with a gap up of 4.27% and reached an intraday high of Rs 3157.2, reflecting a 4.49% increase. Additionally, Mahindra & Mahindra is trading above all key moving averages, indicating a strong performance trend. The liquidity remains robust, supporting a trade size of Rs 4.51 crore, while open interest across the put options suggests active market engagement.

In summary, Mahindra & Mahindra's recent performance and the heightened activity in its put options reflect a dynamic trading environment, underscoring the stock's current market position.