Sona BLW Precision Forgings Sees Surge in Active Put Options with 7,781 Contracts at Rs 480

Sona BLW Precision Forgings Ltd, a prominent player in the Auto Components & Equipments industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s underlying stock, SONACOMS, has seen significant activity in put options with notable trading volumes.
For the put option with a strike price of Rs 470, 7,028 contracts were traded, resulting in a turnover of approximately Rs 785.17 lakhs, while the option with a strike price of Rs 480 saw 7,781 contracts traded and a turnover of around Rs 1,147.89 lakhs. The open interest for these options stands at 538 and 529 contracts, respectively, indicating ongoing interest among traders.

Today, Sona BLW Precision Forgings outperformed its sector by 7.92%, reaching an intraday high of Rs 494, reflecting an increase of 8.56%. The stock's weighted average price suggests that more volume was traded closer to its lower price points. While the stock is currently above its 5-day and 20-day moving averages, it remains below the longer-term 50-day, 100-day, and 200-day moving averages.

Despite a decline in delivery volume by 15.63% compared to the 5-day average, the stock maintains sufficient liquidity for trades sized at Rs 3.09 crore. With a market capitalization of Rs 30,091.30 crore, Sona BLW continues to be a significant entity in its sector. Overall, the activity in put options today highlights the dynamic trading environment surrounding Sona BLW Precision Forgings.