Surge in Mahindra & Mahindra Ltd Put Options: 16,894 Contracts at Rs 3500 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 put options. The company’s underlying stock, M&M, has seen significant activity with multiple put options set to expire on September 30, 2025.
Notably, the put option with a strike price of Rs 3500 recorded the highest trading volume, with 16,894 contracts traded and a turnover of Rs 2,077.29 lakhs. This was closely followed by the Rs 3550 strike price option, which saw 10,812 contracts traded and a turnover of Rs 1,744.62 lakhs. The Rs 3400 strike price option also demonstrated notable activity, with 10,667 contracts traded and a turnover of Rs 680.98 lakhs.

The underlying value of M&M stands at Rs 3562.9, and the stock recently achieved a new 52-week high of Rs 3638.4, reflecting a 2.16% increase during the day. M&M has outperformed its sector by 0.82% and has shown a consecutive gain over the last four days, yielding a total return of 12.41%.

Despite this positive performance, there has been a decline in investor participation, with delivery volume dropping by 23.96% compared to the five-day average. The stock remains liquid, with a trading capacity of Rs 29.22 crore based on 2% of the five-day average traded value.

In summary, Mahindra & Mahindra Ltd is witnessing significant activity in its put options, reflecting a dynamic trading environment amid its recent stock performance.