Surge in Active Put Options for Multi Commodity Exchange at Rs 8,600 Strike, 1,975 Contracts Traded

Multi Commodity Exchange of India Ltd (MCX) has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating within the capital markets industry, has seen significant trading activity with 1,975 contracts traded for puts with a strike price of Rs 8,600, resulting in a turnover of approximately Rs 738.35 lakhs. The open interest for these contracts stands at 924, indicating a notable level of engagement among traders.
Despite this activity, MCX has underperformed its sector by 1.02% today, continuing a downward trend with a three-day decline of 3.69%. The stock's one-day return is reported at -1.46%, contrasting with a slight positive return of 0.07% for the sector and 0.08% for the Sensex.

In terms of liquidity, MCX remains accessible for trading, with a delivery volume of 2.64 lakhs on July 7, reflecting a 1.47% increase against the five-day average. The stock's performance metrics show that it is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, yet below its 5-day moving average, suggesting mixed signals in its recent price action.

In summary, while MCX has seen heightened activity in its put options, the stock's recent performance indicates challenges in maintaining upward momentum amidst broader market conditions.