Surge in Put Option Activity for Shriram Finance: 6,815 Contracts Traded at Rs 600 Strike

Shriram Finance Ltd, a prominent player in the Finance/NBFC sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The underlying stock, SHRIRAMFIN, has seen significant activity with 6,815 put contracts traded, reflecting a turnover of Rs 1,364.067 lakhs. The options have a strike price of Rs 600 and are set to expire on May 29, 2025, with an open interest of 1,288 contracts.
Today, Shriram Finance underperformed its sector by 6.48%, continuing a downward trend that has seen the stock decline by 13.01% over the past three days. The stock opened with a gap down of 4.96% and reached an intraday low of Rs 596.15, marking a decrease of 9.01%. The weighted average price indicates that more volume was traded closer to this low price.

Currently, Shriram Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 82.05% compared to the 5-day average. The stock remains liquid enough for trades of Rs 8.68 crore, based on 2% of the 5-day average traded value.

In summary, Shriram Finance's recent performance highlights a significant level of activity in its put options, amidst a challenging market environment.