Polycab India Ltd Sees Surge in Active Put Options with 9,826 Contracts at Rs 5,800 Strike

Polycab India Ltd, a prominent player in the cable industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, POLYCAB, has seen significant trading activity with two notable put options set to expire on May 29, 2025. The put option with a strike price of Rs 5,500 recorded 8,145 contracts traded, generating a turnover of approximately Rs 862.82 lakhs, while the Rs 5,800 strike price option saw 9,826 contracts traded and a turnover of around Rs 2,251.44 lakhs.
The underlying value of POLYCAB stands at Rs 5,920. The stock has outperformed its sector by 2.31% today, marking a consecutive gain over the last two days with an impressive return of 8.4% during this period. The stock reached an intraday high of Rs 6,077.5, reflecting a 4.87% increase.

Despite a rise in investor participation, with delivery volume increasing by 40.41% against the five-day average, the stock remains liquid enough for trades of Rs 0.6 crore. Overall, Polycab India Ltd continues to demonstrate robust activity in the market, reflecting its strong market position within the cable industry.