Shree Cement Ltd. Sees Surge in Active Put Options with 12,181 Contracts Traded

Shree Cement Ltd., a prominent player in the Cement & Cement Products 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, SHREECEM, has seen significant activity with 12,181 contracts traded, resulting in a turnover of approximately Rs 61.97 lakhs. The put options have a strike price of Rs 29,000 and are set to expire on June 26, 2025, with an open interest of 439 contracts.
In terms of price performance, Shree Cement is currently trading at Rs 30,130, just 4.97% shy of its 52-week high of Rs 31,920. The stock has outperformed its sector by 0.7% today and has shown a positive trend, gaining 6.68% over the last three days. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.

However, there has been a notable decline in investor participation, with delivery volume dropping by 47.22% compared to the 5-day average. Despite this, the stock remains liquid, with a trade size of Rs 7.06 crore based on 2% of the 5-day average traded value. The one-day return for Shree Cement stands at 0.85%, while the sector and Sensex recorded returns of 0.31% and 0.01%, respectively.

In summary, Shree Cement Ltd. is experiencing heightened activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.