Surge in Active Put Options: P I Industries Sees 1,341 Contracts at Rs 4,100 Strike

P I Industries Ltd, a prominent player in the Pesticides & Agrochemicals sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, PIIND, is currently valued at Rs 4,104. Notably, there were 1,341 put contracts traded with a turnover of approximately Rs 273.73 lakhs, indicating significant activity in this option type, which has a strike price of Rs 4,100 and an expiry date set for July 31, 2025.
Despite this activity, P I Industries has underperformed its sector by 1%, with a one-day return of -2.02%, compared to the sector's -1.12% and the Sensex's -0.14%. The stock's performance today shows it is trading higher than its 50-day, 100-day, and 200-day moving averages, yet lower than its 5-day and 20-day moving averages. Additionally, the stock has experienced a decline in investor participation, with delivery volume dropping by 36.97% against the 5-day average.

With an open interest of 389 contracts, P I Industries maintains a liquidity level sufficient for trades around Rs 1.22 crore, reflecting its status as a large-cap company with a market capitalization of Rs 61,961.68 crore. Overall, the activity in the put options market highlights the ongoing interest in P I Industries amidst a challenging trading environment.