Surge in Put Option Activity for PNB Housing Finance as 4,196 Contracts Hit Rs 800 Strike

PNB Housing Finance Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, PNBHOUSING, is currently valued at Rs 833.5. Notably, the put options with an expiry date of August 28, 2025, have seen significant trading activity across various strike prices.
The highest volume was recorded for the strike price of Rs 800, with 4,196 contracts traded and a turnover of approximately Rs 800.49 lakhs. Following closely, the Rs 900 strike price saw 3,099 contracts traded, generating a turnover of about Rs 1,965.40 lakhs. The Rs 840 and Rs 880 strike prices also attracted considerable interest, with 3,044 and 2,541 contracts traded, respectively.

Despite this activity, PNB Housing Finance has underperformed, with a one-day return of -15.83%, significantly trailing its sector, which declined by 3.55%. The stock has been on a downward trend, losing 18.11% over the past four days. It opened with a gap down of 10.45% today and reached an intraday low of Rs 822.8. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In summary, while PNB Housing Finance Ltd has seen heightened activity in its put options, the stock's performance reflects ongoing challenges in the market.