Surge in Shree Cement Ltd. Put Options as 8,534 Contracts Trade at Rs 29,000 Strike

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 8,534 contracts traded for puts with a strike price of Rs 29,000, resulting in a turnover of Rs 48.076 lakhs. The open interest stands at 1,032 contracts, indicating a notable level of engagement among traders.
Today, Shree Cement's stock has underperformed its sector by 2.14%, reflecting a broader trend as it has experienced a consecutive decline over the past three days, totaling a 4.79% drop in returns. The stock reached an intraday low of Rs 29,925, down 3.31%. Despite this, the weighted average price suggests that more volume was traded closer to the low price, indicating potential liquidity for traders.

The stock remains above its 100-day and 200-day moving averages but is currently below its 5-day, 20-day, and 50-day moving averages. Notably, investor participation has risen, with delivery volume increasing by 81.12% compared to the 5-day average, suggesting heightened trading activity.

In summary, Shree Cement Ltd. is witnessing significant put option activity amid a challenging trading environment, characterized by recent declines and fluctuating investor engagement.