Surge in Mahindra & Mahindra Active Put Options: 8,651 Contracts at Rs 3100 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 3203.0, just 2.31% shy of its 52-week high of Rs 3270.95. Today, a total of 8,651 put contracts were traded with a turnover of approximately Rs 747.97 lakhs, indicating significant activity in this option type, which has a strike price of Rs 3100 and an expiry date set for July 31, 2025. The open interest stands at 1,688 contracts, reflecting ongoing interest among traders. In terms of performance, M&M has shown resilience, gaining 4.03% over the past four days, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's delivery volume of 17.47 lakhs on July 16 has increased by 4.63% compared to its 5-day average, suggesting rising investor participation. Despite a slight one-day return of 0.17%, M&M's performance remains in line with its sector, contrasting with the Sensex's decline of 0.11%. The liquidity of the stock is also notable, with a trade size of Rs 17.45 crore based on 2% of the 5-day average traded value. Overall, Mahindra & Mahindra continues to demonstrate strong market activity and solid performance indicators.