MCX Sees Surge in Active Put Options with 1,699 Contracts at Rs 7,500 Strike

Multi Commodity Exchange of India Ltd (MCX) has emerged as one of the most active stocks in the market today, particularly in the options segment. The focus has been on put options with a strike price of Rs 7500, which saw a significant trading volume of 1,699 contracts, resulting in a turnover of approximately Rs 301.25 lakhs. The open interest for these puts stands at 1,036 contracts, indicating a robust interest among traders.
Today, MCX's underlying value is reported at Rs 7,871.50, reflecting a strong performance as it outperformed its sector by 4.11%. The stock opened with a gap up of 2.82% and reached an intraday high of Rs 7,964, marking a notable increase of 4.85%. This uptick comes after three consecutive days of decline, suggesting a potential trend reversal.

Despite the positive price movements, investor participation has seen a decline, with delivery volume dropping by 28.67% compared to the five-day average. However, liquidity remains adequate, supporting trades up to Rs 7.3 crore based on 2% of the five-day average traded value. The stock's one-day return stands at 4.42%, significantly higher than the sector's return of 0.59% and the Sensex's return of 0.22%.

In summary, MCX's notable activity in the options market, coupled with its recent price performance, highlights its current position within the capital markets industry.