Mahindra & Mahindra Sees Surge in Active Put Options, 2,022 Contracts at Rs 3,200 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 value stands at Rs 3,235. Notably, the put options with expiry on September 30, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 3,200 recorded the highest number of contracts traded, totaling 2,022, with a turnover of Rs 259.42 lakhs and an open interest of 2,293 contracts. Following closely, the Rs 3,250 strike price saw 1,952 contracts traded, generating a turnover of Rs 326.53 lakhs and an open interest of 956. The Rs 3,300 strike price also attracted attention, with 1,272 contracts traded and a turnover of Rs 274.17 lakhs, alongside an open interest of 1,408.

In terms of performance, Mahindra & Mahindra has outperformed its sector by 0.54% today, with a one-day return of 0.15%. The stock is currently above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. However, investor participation has seen a decline, with delivery volume dropping by 22.09% compared to the 5-day average.

Overall, Mahindra & Mahindra's activity in the options market reflects a dynamic trading environment, underscoring the stock's liquidity and market presence within the large-cap segment.