Mahindra & Mahindra Sees 7,337 Contracts Traded in Rs 3600 Strike Put Options

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, is currently valued at Rs 3584.8, just 3.54% shy of its 52-week high of Rs 3723.8.
Today, two notable put options with expiry on November 25, 2025, have seen significant trading activity. The put option with a strike price of Rs 3500 recorded 6,552 contracts traded, generating a turnover of Rs 651.01 lakhs and an open interest of 2,552 contracts. Meanwhile, the put option with a strike price of Rs 3600 saw even higher activity, with 7,337 contracts traded and a turnover of Rs 1,289.99 lakhs, alongside an open interest of 2,741 contracts.

In terms of performance, Mahindra & Mahindra has outperformed its sector by 1.81% today, marking a consecutive gain over the last two days with a total return of 3.14%. The stock reached an intraday high of Rs 3632.8, reflecting a 2.36% increase. Despite a decline in delivery volume by 29.44% compared to the five-day average, the stock remains liquid, with a trading capacity of Rs 16.55 crore based on 2% of the five-day average traded value.

In summary, Mahindra & Mahindra's notable activity in the options market, coupled with its strong performance metrics, underscores its current market position without delving into future implications.