MCX Sees Surge in 9,100 Strike Price Puts with 8,383 Contracts Traded

In today's trading session, Multi Commodity Exchange of India Ltd (MCX) has emerged as one of the most active stocks in the options market, particularly in put options. The company, operating within the capital markets sector, has seen significant activity in its put options with two notable strike prices.
For the put option with a strike price of Rs 9,000, a total of 7,318 contracts were traded, resulting in a turnover of approximately Rs 46.19 lakhs. Meanwhile, the put option with a strike price of Rs 9,100 recorded even higher activity, with 8,383 contracts traded and a turnover of around Rs 160.53 lakhs. The underlying value for both options stands at Rs 9,123.5, indicating a close proximity to the current market price.

Despite this activity, MCX has underperformed its sector by 0.63% today, with a one-day return of -0.83%. The stock has traded within a narrow range of Rs 85.5 and is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, the stock has experienced a decline in investor participation, with delivery volume falling by 9.16% compared to the five-day average.

Overall, the trading activity in MCX's put options reflects a notable interest in hedging strategies, while the stock's performance metrics indicate a cautious market sentiment.