Surge in Nestle India Ltd Put Options: 14,502 Contracts Traded at Rs 2,400 Strike

Nestle India Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a prominent player in the FMCG industry with a market capitalization of Rs 2,32,082.27 crore, has seen significant trading activity in its put options with two notable expiry dates: April 24, 2025, and May 29, 2025.
For the April expiry, 7,565 contracts were traded at a strike price of Rs 2,400, generating a turnover of Rs 143.58 lakh, while open interest stood at 744 contracts. The May expiry saw even higher activity, with 14,502 contracts traded at the same strike price, resulting in a turnover of Rs 1,731.83 lakh and an open interest of 1,188 contracts. The underlying value of Nestle India is currently at Rs 2,427.00.

Despite this activity, the stock has underperformed the sector by 0.95% today, marking a consecutive decline over the past two days with a total return of -1.04%. However, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong long-term trend. Notably, delivery volume has increased significantly, rising by 78.32% against the 5-day average, reflecting rising investor participation. The stock's liquidity remains robust, supporting trades of up to Rs 4.88 crore.

In summary, Nestle India's put options are witnessing heightened activity, reflecting a complex interplay of market dynamics, while the stock itself is navigating a challenging performance landscape.