Surge in Active Put Options: Mahindra & Mahindra Sees 9,530 Contracts at Rs 2900

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s stock, currently valued at Rs 3007.0, has seen significant activity in put options with various strike prices set for expiry on May 29, 2025.
Notably, the put option with a strike price of Rs 2900 recorded the highest trading volume, with 9,530 contracts exchanged and a turnover of approximately Rs 1,127.52 lakhs. Following closely, the Rs 2950 strike price option saw 8,619 contracts traded, generating a turnover of around Rs 1,333.57 lakhs. The Rs 3000 and Rs 2800 strike prices also attracted considerable interest, with 6,918 and 7,074 contracts traded, respectively.

In terms of performance, Mahindra & Mahindra outperformed its sector by 1.03%, achieving a day’s high of Rs 3001.5, reflecting a 2.57% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock's liquidity remains robust, with a delivery volume of 19.77 lakhs, marking a 59.46% increase compared to the 5-day average.

Overall, Mahindra & Mahindra's notable activity in the options market, combined with its solid performance metrics, underscores its significant position within the large-cap automobile sector.