Polycab India Ltd Sees 7,865 Contracts Traded in High-Volume 7500 Strike Put Options

Polycab India Ltd, a prominent player in the Cables - Electricals 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, POLYCAB, is currently valued at Rs 7,447.
Notably, the put options with expiry on September 30, 2025, have seen significant trading activity. The strike price of Rs 7,500 led the pack with 7,865 contracts traded, generating a turnover of approximately Rs 862.30 lakhs and an open interest of 1,559 contracts. Following closely, the Rs 7,400 strike price recorded 5,183 contracts traded and a turnover of Rs 377.26 lakhs, with an open interest of 1,244. The Rs 7,300 strike price also saw notable activity, with 2,653 contracts traded and a turnover of Rs 109.54 lakhs, alongside an open interest of 654.

In terms of performance, Polycab India has underperformed its sector by 0.64% today, with a one-day return of -1.23%. The stock has been on a downward trend, losing 1.98% over the past three days. Despite this, it remains close to its 52-week high, just 2.78% away from Rs 7,714. The stock's liquidity appears robust, with a delivery volume of 2.65 lakhs on September 24, reflecting a 41.52% increase compared to the five-day average.

In summary, Polycab India Ltd's put options are witnessing heightened activity, reflecting the current market dynamics and investor engagement, while the stock itself navigates a challenging performance landscape.