Surge in Mahindra & Mahindra's Put Options: 17,413 Contracts at Rs 3400 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 put options. The company’s underlying stock, M&M, is currently valued at Rs 3480. Notably, several put options with an expiry date of September 30, 2025, have seen significant trading activity.
The put option with a strike price of Rs 3400 led the activity with 17,413 contracts traded and a turnover of Rs 1,757.67 lakhs, followed closely by the Rs 3300 strike price option, which recorded 13,080 contracts and a turnover of Rs 654.52 lakhs. Other notable strike prices include Rs 3100, Rs 3200, and Rs 3450, with respective contracts traded of 6,572, 10,346, and 12,430.

In terms of performance, Mahindra & Mahindra has outperformed its sector by 0.58% today, achieving a new 52-week high of Rs 3552.5. The stock has shown a consistent upward trend, gaining 9.45% over the last three days. Additionally, it is trading above all key moving averages, indicating strong momentum. The liquidity remains robust, with a delivery volume of 38.6 lakhs, reflecting a 132.51% increase against the five-day average.

In summary, Mahindra & Mahindra's active put options trading highlights the stock's current market dynamics, characterized by strong performance metrics and significant investor engagement.