Surge in Active Put Options: Mahindra & Mahindra Sees 5,158 Contracts Traded at Rs 3050 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 3085.3, with a notable put option expiring on May 29, 2025, at a strike price of Rs 3050.0. Today, 5,158 contracts were traded, resulting in a turnover of Rs 225.68 lakhs, while open interest stands at 1,530 contracts.
In terms of performance, Mahindra & Mahindra has outperformed its sector by 0.65%, marking a consecutive gain over the last two days with a total return of 2.16%. The stock reached an intraday high of Rs 3101, reflecting a 2.93% increase. Additionally, it is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is slightly below its 5-day moving average.

Despite a decline in investor participation, with delivery volume dropping by 31.33% compared to the 5-day average, the stock remains liquid enough for trades of Rs 7.5 crore, indicating a robust trading environment. Overall, Mahindra & Mahindra's activity in the options market highlights its significant presence in the automobile industry.