Surge in PG Electroplast Ltd's Put Options: 27,941 Contracts at Rs 500 Strike Active

PG Electroplast Ltd, a small-cap player in the Electronics & Appliances sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options have seen significant trading activity, with 27,941 contracts traded for the strike price of Rs 500, resulting in a turnover of approximately Rs 5,615.30 lakhs. Additionally, 23,462 contracts were traded for the Rs 480 strike price, contributing to a turnover of about Rs 3,424.28 lakhs.
The underlying stock, PGEL, is currently valued at Rs 514.15. Notably, the stock has shown a performance today that outperformed its sector by 5.02%, marking a trend reversal after four consecutive days of decline. It opened with a gain of 2.77% and reached an intraday high of Rs 536.90, reflecting a 6.11% increase.

Despite this positive movement, PG Electroplast is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has also experienced a notable rise in investor participation, with delivery volume increasing by 453.54% compared to the 5-day average. With an open interest of 1,913 for the Rs 500 strike and 1,435 for the Rs 480 strike, the liquidity remains robust, supporting a trade size of Rs 18.94 crores.

In summary, PG Electroplast Ltd is witnessing heightened activity in its put options, reflecting a dynamic trading environment amidst recent stock performance fluctuations.