Surge in Put Options: MCX Sees 1,622 Contracts at 7500 Strike Price

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 in its put options with two notable strike prices.
For the put option with a strike price of 7700, 1,508 contracts were traded, resulting in a turnover of approximately Rs 474.59 lakhs, while open interest stood at 510 contracts. Meanwhile, the put option with a strike price of 7500 recorded 1,622 contracts traded and a turnover of around Rs 349.78 lakhs, with open interest at 1,022 contracts. The underlying value for both options is currently at Rs 7,676.

In terms of performance, MCX has underperformed its sector by 1.53% today, with a one-day return of -1.55%. The stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume dropping by 15.54% compared to the 5-day average. Despite this, the stock remains liquid enough for trades sized at Rs 8.26 crore, reflecting its mid-cap market status with a market capitalization of Rs 39,125.95 crore.

In summary, MCX's notable activity in the options market today highlights the dynamics of its trading environment, characterized by significant put option trading and fluctuating investor engagement.