Surge in Maruti Suzuki India Ltd's Put Options: 24,949 Contracts at Rs. 14,200 Strike

Maruti Suzuki India 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, trading at Rs. 14,370, has seen significant activity with multiple strike prices attracting attention.
Notably, the put option with a strike price of Rs. 14,200 recorded the highest trading volume, with 24,949 contracts exchanged and a turnover of Rs. 946.57 lakhs. Following closely, the Rs. 14,000 strike price saw 21,175 contracts traded, generating a turnover of Rs. 406.24 lakhs, while the Rs. 14,300 strike price had 21,234 contracts traded with a turnover of Rs. 1,132.41 lakhs. The open interest for these options stands at 11,026 for the Rs. 14,000 strike, 4,824 for the Rs. 14,300 strike, and 6,646 for the Rs. 14,200 strike, indicating a robust interest in these contracts.

Today, Maruti Suzuki reached a new 52-week high of Rs. 14,425, although it has experienced 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, reflecting a strong performance relative to its historical trends. However, investor participation has declined, with delivery volume dropping by 42.88% compared to the 5-day average.

In summary, Maruti Suzuki's active put options trading highlights a dynamic market environment, with substantial turnover and open interest reflecting ongoing investor engagement in the stock.