Surge in Active Put Options for P I Industries with 4,896 Contracts Traded

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 3,775.00, with a notable put option expiring on May 29, 2025, at a strike price of Rs 3,700.
Today, 4,896 contracts of the put option were traded, resulting in a turnover of Rs 322.48 lakhs, while the open interest stands at 1,412 contracts. Despite this activity, P I Industries has underperformed its sector by 1.13%, reflecting a consecutive decline over the past two days, with a total return of -0.47% during this period.

The stock's performance metrics indicate that it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, yet remains below its 200-day moving average. Additionally, there has been a rise in investor participation, with a delivery volume of 1.78 lakhs on May 19, marking an 8.6% increase compared to the 5-day average. The liquidity of the stock is deemed sufficient for trades sized at Rs 0.84 crore, based on 2% of the 5-day average traded value.

In summary, while P I Industries Ltd shows significant activity in the options market, its recent performance reflects challenges in maintaining upward momentum amidst fluctuating investor interest.