Mazagon Dock Shipbuilders Sees Surge in Active Put Options with 7,196 Contracts Traded

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, has seen significant activity in put options, with 7,196 contracts traded, resulting in a turnover of approximately Rs 253.62 lakhs. The puts have a strike price of Rs 2,700 and an expiry date set for August 28, 2025, while the underlying stock is currently valued at Rs 2,754.
Today, MAZDOCK outperformed its sector by 1.63%, marking a trend reversal after two consecutive days of decline. The stock opened with a notable gain of 3.65%, reaching an intraday high of Rs 2,798.90. In terms of moving averages, the stock is currently above its 5-day and 200-day averages but below its 20-day, 50-day, and 100-day averages.

Investor participation has also increased, with a delivery volume of 359,000 shares on August 22, reflecting a rise of 25.51% compared to the 5-day average. The stock's liquidity remains robust, accommodating trades of up to Rs 7.51 crore based on 2% of the 5-day average traded value.

In summary, Mazagon Dock Shipbuilders Ltd is experiencing heightened activity in its put options, driven by recent performance trends and increased investor engagement.