Max Healthcare's Puts Surge with 1,514 Contracts at Rs 1,100 Strike Price

Max Healthcare Institute Ltd has emerged as one of the most active stocks in the market today, particularly in the options segment, with a focus on put options. The underlying stock, MAXHEALTH, has seen significant activity with 1,514 put contracts traded at a strike price of Rs 1,100, resulting in a turnover of approximately Rs 222.16 lakhs. The open interest stands at 671 contracts, indicating ongoing interest in this option.
Today, MAXHEALTH outperformed its sector by 0.55%, recovering from two consecutive days of decline. The stock opened with a notable gain of 2.97%, reaching an intraday high of Rs 1,112, reflecting a 4% increase. Despite this positive movement, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance trend.

Investor participation has seen a decline, with delivery volume dropping by 63.7% compared to the 5-day average. However, the stock remains liquid enough for trading, with a market cap of Rs 1,04,029.00 crore, categorizing it as a large-cap entity in the hospital industry. The one-day return for MAXHEALTH stands at 3.48%, while the broader sector has returned 2.60% and the Sensex has seen a modest return of 0.19%. Overall, the activity in MAXHEALTH's put options reflects a notable shift in market dynamics, warranting attention from market participants.