UltraTech Cement's Put Options Surge: 3,008 Contracts Traded at Rs 12,000 Strike

UltraTech Cement Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, ULTRACEMCO, has seen significant activity with 3,008 contracts traded, resulting in a turnover of approximately Rs 4.51 crore. The put options have a strike price of Rs 12,000 and are set to expire on May 29, 2025, with an open interest of 2,290 contracts.
In terms of price performance, UltraTech Cement is currently trading at Rs 11,954, just 2.58% away from its 52-week high of Rs 12,339. However, the stock has underperformed its sector by 0.73% today and has experienced a consecutive decline over the last two days, with a total return of -1.7% during this period. Despite this, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Investor participation appears to be on the rise, with a delivery volume of 272,000 shares on April 28, reflecting a 40.63% increase compared to the 5-day average. The liquidity of UltraTech Cement is also notable, with a trading capacity sufficient for a trade size of Rs 6.67 crore, based on 2% of the 5-day average traded value.

In summary, UltraTech Cement's put options activity highlights a significant interest in the stock, amidst a backdrop of recent price declines and fluctuating investor participation.