Mazagon Dock Shipbuilders Ltd Sees Surge in Active Put Options at Rs 2,600 Strike

Mazagon Dock Shipbuilders Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, MAZDOCK, is currently valued at Rs 2,652.00. Notably, the put options with expiry on July 31, 2025, have seen significant trading activity across various strike prices.
The put option with a strike price of Rs 2,600 recorded the highest volume, with 17,328 contracts traded and a turnover of Rs 809.65 lakhs, alongside an open interest of 1,613 contracts. Following closely, the Rs 2,700 strike price saw 6,837 contracts traded, generating a turnover of Rs 742.77 lakhs and an open interest of 818. The Rs 2,400 strike price also contributed with 4,934 contracts traded and a turnover of Rs 52.50 lakhs, with an open interest of 643.

In terms of stock performance, Mazagon Dock has underperformed its sector by 3.7%, with a one-day return of -4.91%. The stock has been on a downward trend, losing 10.44% over the past three days. It opened with a gap down of 3.38% today and reached an intraday low of Rs 2,645.90, reflecting a decline of 5.16%. Despite these challenges, the stock remains liquid, with a delivery volume of 4.61 lakhs, which has increased by 8.43% compared to the five-day average.

In summary, Mazagon Dock Shipbuilders Ltd is experiencing notable activity in its put options, reflecting current market dynamics and investor behavior, while the stock itself is navigating a challenging performance landscape.