Shree Cement Sees Robust Activity in Put Options with 13,295 Contracts Traded at Rs 29,000

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 put options. The company’s underlying stock, SHREECEM, is currently valued at Rs 29,970.
Two notable put options are drawing attention, both set to expire on May 29, 2025. The put option with a strike price of Rs 29,500 saw 11,580 contracts traded, generating a turnover of approximately Rs 156.20 lakhs, while the Rs 29,000 strike price option recorded 13,295 contracts traded with a turnover of around Rs 75.70 lakhs. Open interest for these options stands at 637 and 1,145 contracts, respectively.

In terms of performance, Shree Cement's stock has shown a slight one-day return of 0.03%, aligning with sector performance. After three consecutive days of decline, the stock has experienced a trend reversal. It has traded within a narrow range of Rs 270 and remains above its 100-day and 200-day moving averages, although it is below the shorter-term moving averages. Notably, investor participation has decreased, with delivery volume falling by 8.87% against the five-day average.

Overall, Shree Cement's activity in the options market reflects significant trading interest, underscoring its position in the cement sector amidst fluctuating market conditions.