Patanjali Foods Ltd Sees Surge in Active Put Options with 10,551 Contracts Traded

Patanjali Foods Ltd, a prominent player in the edible oil industry, 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, PATANJALI, has seen significant activity with 10,551 put contracts traded, reflecting a turnover of approximately Rs 1,251.56 lakhs. The options have a strike price of Rs 1,800 and an expiry date set for July 31, 2025, indicating a strategic interest among traders.
Despite this activity, Patanjali Foods has underperformed its sector by 0.61% today, with a one-day return of -0.47%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. It has traded within a narrow range of Rs 17.5, while currently holding an underlying value of Rs 1,850.

Patanjali Foods is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. Notably, investor participation has risen, with a delivery volume of 12.7 lakhs on July 16, marking a 270.21% increase compared to the 5-day average. The stock remains liquid, accommodating trades of Rs 6.39 crore based on 2% of the 5-day average traded value.

In summary, while Patanjali Foods has seen notable put activity, the stock's recent performance reflects a complex market dynamic that investors will continue to monitor.