Surge in Active Put Options: Sun Pharmaceutical Sees 18,651 Contracts at 1600 Strike Price

Sun Pharmaceutical Industries Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating within the Pharmaceuticals & Drugs industry, has seen significant trading activity in its put options with expiry set for April 24, 2025.
Notably, the put option with a strike price of 1700 recorded 14,799 contracts traded, generating a turnover of approximately Rs 1,932.53 lakhs, while the 1600 strike price put option saw even higher activity with 18,651 contracts traded and a turnover of Rs 835.56 lakhs. The underlying value for both options stands at Rs 1,705.

In terms of performance, Sun Pharmaceutical's stock has shown a slight recovery today, gaining 0.57%, following two consecutive days of decline. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging trend. The stock's liquidity appears robust, with a delivery volume of 40.09 lakhs on April 7, reflecting a 49.15% increase compared to the 5-day average.

Overall, Sun Pharmaceutical Industries Ltd continues to attract attention in the options market, with notable trading volumes in its put options, reflecting the dynamics of investor activity in the current market environment.