Surge in Mahindra & Mahindra's Put Options: 3,075 Contracts at Rs 3000 Strike Price

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 3018.3, with a notable expiry date for the put options set for June 26, 2025.
Today, 3,075 contracts of the put option with a strike price of Rs 3000 were traded, resulting in a turnover of approximately Rs 288.37 lakhs. The open interest for this option stands at 2,222 contracts, indicating a significant level of activity and interest among traders.

In terms of performance, M&M has outperformed its sector by 0.96%, although it has experienced a slight decline of 0.07% in its one-day return. This follows a trend reversal after three consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a generally positive trend. However, investor participation has seen a decline, with delivery volume dropping by 48.54% compared to the 5-day average.

With a market capitalization of Rs 3,79,425.52 crore, Mahindra & Mahindra continues to maintain a liquid trading environment, suitable for transactions around Rs 17.91 crore based on 2% of the 5-day average traded value. Overall, the activity in the put options market for M&M highlights the ongoing dynamics within the stock, reflecting both current performance and investor engagement.