Surge in Active Put Options for Torrent Pharmaceuticals: 1,675 Contracts at Rs 3300 Strike

Torrent Pharmaceuticals Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, TORNTPHARM, is currently valued at Rs 3328.5, with a notable expiry date for the options set for July 31, 2025. The put options have a strike price of Rs 3300, and today saw a significant trading volume with 1,675 contracts exchanged, resulting in a turnover of approximately Rs 318.21 lakhs. Open interest stands at 289 contracts, indicating ongoing interest in these options.
In terms of price performance, Torrent Pharmaceuticals underperformed its sector by 0.71% today, despite opening with a gain of 2.23%. The stock reached an intraday high of Rs 3478.9, reflecting a 4.12% increase at its peak. The weighted average price suggests that more volume was traded closer to the lower price levels. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend.

Investor participation has also seen a rise, with delivery volume on June 27 reaching 8.41 lakhs, a significant increase of 365.85% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 3.87 crores based on 2% of the 5-day average traded value.

In summary, Torrent Pharmaceuticals Ltd. is experiencing notable activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.