Vedanta Ltd. Sees Surge in Active Put Options with 12,831 Contracts at 440 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks in the options market today, particularly in put options. The stock, trading under the symbol VEDL, has seen significant activity in various strike prices ahead of the expiry date set for July 31, 2025.
Notably, the put option with a strike price of 440 has recorded the highest trading volume, with 12,831 contracts exchanged and a turnover of approximately Rs 2,851.15 lakhs. Following closely, the 410 strike price put option saw 8,128 contracts traded, contributing Rs 892.42 lakhs to the turnover. Other notable strike prices include 390, 450, and 380, with respective contracts traded of 6,599, 5,852, and 10,023.

The underlying value of Vedanta is currently at Rs 436.85, reflecting a one-day return of -4.26%, underperforming its sector by 1.75%. The stock has experienced high volatility today, with an intraday volatility of 5.36%. Additionally, the stock's liquidity remains robust, supporting trade sizes of up to Rs 8.31 crore.

In summary, Vedanta Ltd. is witnessing heightened activity in its put options, driven by significant trading volumes across multiple strike prices, amidst a backdrop of market volatility and sector performance challenges.