Surge in Active Put Options for Multi Commodity Exchange as 3,043 Contracts Trade at Rs 7,000 Strike

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 3,043 contracts traded for puts with a strike price of Rs 7,000, resulting in a turnover of approximately Rs 503.46 lakhs. The underlying value of MCX stands at Rs 7,352.5, indicating a notable premium over the strike price.
As of today, MCX has underperformed its sector by 0.48%, continuing a trend of consecutive declines over the past three days, during which it has recorded an overall return of -8.13%. The stock's performance metrics reveal that it is currently above its 100-day and 200-day moving averages, yet below its 5-day, 20-day, and 50-day moving averages, suggesting mixed signals in its short-term trajectory.

Investor participation appears to be rising, with a delivery volume of 158,000 shares on August 28, reflecting a 1.18% increase compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of approximately Rs 7.99 crore, based on 2% of the 5-day average traded value.

In summary, while MCX has faced recent challenges in its stock performance, the heightened activity in its put options indicates a significant level of engagement from market participants.