Polycab India Ltd Sees Surge in Active Put Options with 6,501 Contracts Traded at Rs 7,000 Strike

Polycab India Ltd, a prominent player in the Cables - Electricals industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, set to expire on July 31, 2025, have seen significant trading activity, with 6,501 contracts exchanged, resulting in a turnover of approximately Rs 1,217.96 lakhs. The strike price for these puts is set at Rs 7,000, while the underlying stock is currently valued at Rs 7,030.
In terms of performance, Polycab India has outperformed its sector by 1.39%, with the stock reaching an intraday high of Rs 7,080, reflecting a 2.82% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, there has been a rise in investor participation, with a delivery volume of 295,000 shares on July 17, marking a 74.44% increase compared to the 5-day average.

With an open interest of 1,216 contracts, Polycab India demonstrates sufficient liquidity for trades, supported by a market capitalization of Rs 1,05,279.06 crore. The stock's one-day return stands at 1.58%, contrasting with a sector return of 0.30% and a Sensex decline of 0.65%. Overall, Polycab India continues to show robust activity and performance metrics in the current trading environment.