Surge in UltraTech Cement's Put Options: 6,911 Contracts Trade at Rs 11,400 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 trading activity with 6,911 contracts traded, resulting in a turnover of approximately Rs 347.21 lakhs. The put options have a strike price of Rs 11,400 and are set to expire on May 29, 2025, with an open interest of 1,299 contracts.
In terms of price performance, UltraTech Cement has underperformed its sector by 0.97%, reflecting a broader trend as the stock has experienced a consecutive decline over the past two days, with a total drop of 2.76%. The stock reached an intraday low of Rs 11,406, marking a decrease of 2.42% during the trading session.

Despite this downturn, the stock remains above its 100-day and 200-day moving averages, although it is currently below the 5-day, 20-day, and 50-day moving averages. Notably, investor participation has increased, with a delivery volume of 119,000 shares on May 26, up 31.38% compared to the five-day average. The stock's liquidity appears robust, accommodating trades of up to Rs 4.2 crore based on 2% of the five-day average traded value.

In summary, UltraTech Cement's put options activity highlights a notable shift in market dynamics, reflecting current trading conditions and investor behavior without indicating future trends.