Power Grid Corporation Sees 2,009 Put Contracts at Rs 280 Strike Price Amid 5.38% Drop

Power Grid Corporation of India Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, POWERGRID, has seen significant activity with 2,009 contracts traded, reflecting a turnover of Rs 271.01 lakhs. The put options have a strike price of Rs 280 and are set to expire on November 25, 2025, with an open interest of 1,252 contracts.
Despite this activity, the stock has underperformed, showing a decline of 2.01% against its sector. Over the past four days, POWERGRID has experienced a consecutive fall, resulting in a total return of -5.38%. The stock reached an intraday low of Rs 278.65, down 3.25% for the day. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation has also waned, with a delivery volume of 57.08 lakhs on November 3, down 36.97% from the 5-day average. Despite these challenges, the stock maintains a high dividend yield of 3.09% and remains liquid enough for trades sized at Rs 6.91 crores, based on 2% of the 5-day average traded value. Overall, the current activity in POWERGRID's put options highlights the ongoing volatility and investor caution surrounding the stock.