Surge in Marico Ltd. Put Options: 4,874 Contracts Traded at Rs 700 Strike

Marico Ltd., a prominent player in the Edible Oil industry, 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, MARICO, is currently valued at Rs 715.8. Notably, a total of 4,874 put contracts were traded, generating a turnover of approximately Rs 298.87 lakhs, with an open interest of 960 contracts. The strike price for these puts is set at Rs 700, with an expiry date of September 30, 2025.
In terms of performance, Marico has underperformed its sector by 0.53% today, continuing a downward trend with a cumulative decline of 2.25% over the past three days. The stock's one-day return stands at -1.04%, contrasting with a sector return of -0.26% and a Sensex return of 0.32%.

The weighted average price indicates that more volume was traded closer to the low price, while moving averages show that the stock is above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages. Additionally, there has been a rise in investor participation, with delivery volume increasing by 7.78% against the 5-day average. The liquidity remains robust, supporting trades of up to Rs 2.55 crore based on 2% of the 5-day average traded value.

In summary, Marico Ltd. is experiencing significant activity in its put options, reflecting current market dynamics and investor behavior without indicating future trends.