Surge in Mahindra & Mahindra Put Options: 18,349 Contracts at Rs 3100 Strike Traded

Mahindra & Mahindra Ltd, a prominent player in the Automobiles - Passenger Cars 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 3058.4, with several put options expiring on May 29, 2025, drawing significant trading activity.
The put option with a strike price of Rs 3100 saw the highest volume, with 18,349 contracts traded and a turnover of approximately Rs 3009.42 lakhs. Following closely, the Rs 3000 strike price option recorded 14,796 contracts traded, generating a turnover of Rs 1432.66 lakhs. Other notable strike prices include Rs 2900 and Rs 3050, with 10,005 and 10,215 contracts traded, respectively.

Despite today’s notable activity, Mahindra & Mahindra has underperformed its sector by 0.4%, following a trend reversal after two consecutive days of gains. The stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. The liquidity remains robust, supporting trades of up to Rs 4.81 crore, while the stock's one-day return is recorded at 0.57%.

In summary, Mahindra & Mahindra's active put options trading reflects a dynamic market environment, with significant volumes and turnover, while the stock's performance metrics indicate a complex interplay of trends and investor participation.