MCX Sees 2,330 Put Contracts Trade at Rs 9,000 Strike Amid Market Fluctuations

In a notable trading session, Multi Commodity Exchange of India Ltd (MCX) emerged as one of the most active stocks in the options market, particularly in put options. The company, operating within the capital markets sector, saw significant activity with 2,330 contracts traded for puts with a strike price of Rs 9,000, resulting in a turnover of approximately Rs 283.36 lakhs. The open interest for these contracts stands at 1,957, indicating a robust interest among traders.
Despite the heightened activity, MCX's stock has underperformed its sector by 1.85%, closing at Rs 9,405, just 2.77% shy of its 52-week high of Rs 9,617. The stock experienced a decline after three consecutive days of gains, hitting an intraday low of Rs 9,270.5, reflecting a 2.84% drop. The weighted average price suggests that more volume was traded closer to this low price point.

MCX continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Additionally, the stock has shown rising investor participation, with a delivery volume of 3.6 lakhs on October 15, up 11.02% from its 5-day average. With a market capitalization of Rs 48,644 crore, MCX remains a significant player in the mid-cap segment of the capital markets industry. Overall, the activity in the put options reflects a dynamic trading environment surrounding MCX, highlighting the stock's current market position.