Surge in Mahindra & Mahindra Ltd's Put Options: 5,437 Contracts at Rs 3,200 Strike

Mahindra & Mahindra Ltd, a prominent player in the automobiles sector, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, set to expire on September 30, 2025, have seen significant trading activity, with 5,437 contracts traded at a strike price of Rs 3,200. This activity has generated a turnover of approximately Rs 655.48 lakhs, while the open interest stands at 2,263 contracts, indicating a robust interest in these options.
The underlying stock, M&M, is currently valued at Rs 3,288, having reached a new 52-week and all-time high of Rs 3,550 today, reflecting an impressive 8.03% increase at its intraday peak. The stock has outperformed its sector by 3.71% and has shown consecutive gains over the past two days, accumulating a total return of 8.19% during this period.

Despite the positive price movements, there has been a noted decline in investor participation, with delivery volumes dropping by 13.45% compared to the five-day average. However, the stock remains liquid enough for trading, with a market cap of Rs 4,35,110.74 crore, positioning it firmly within the large-cap category.

In summary, Mahindra & Mahindra's recent performance highlights its strong market position and active trading environment, particularly in the options market, while also reflecting broader trends within the automobile sector.