Surge in Active Put Options for Mazagon Dock: 13,254 Contracts at Rs 2,700 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, has seen significant activity in put options, with 13,254 contracts traded at a strike price of Rs 2,700. This activity has generated a turnover of approximately Rs 446.73 lakhs, while open interest stands at 1,320 contracts.
Today, MAZDOCK's performance has underperformed the sector by 0.86%, with the stock reaching an intraday low of Rs 2,681.1, reflecting a decline of 2.71%. The stock's current value is Rs 2,751.1, which is higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 136.27% compared to the 5-day average, totaling 734,000 shares.

Despite a one-day return of -2.57%, the stock remains liquid, with a trade size of Rs 9.28 crore based on 2% of the 5-day average traded value. As Mazagon Dock Shipbuilders continues to navigate market fluctuations, the current activity in put options highlights the ongoing interest in the stock amidst varying performance indicators.