Vedanta Ltd. Sees Surge in Active Put Options with 2,078 Contracts at Rs 400 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 the put options segment. The company’s underlying stock, VEDL, is currently valued at Rs 441.9. Notably, several put options with an expiry date of July 31, 2025, have seen significant trading activity.
The put option with a strike price of Rs 400 led the activity, with 2,078 contracts traded and a turnover of Rs 128.62 lakhs. Following closely, the Rs 420 strike price option recorded 1,764 contracts traded and a turnover of Rs 197.82 lakhs. The Rs 430 and Rs 440 strike prices also saw considerable trading, with 1,635 and 1,682 contracts traded, respectively, generating turnovers of Rs 251.24 lakhs and Rs 327.19 lakhs. Open interest across these options indicates a robust market presence, with figures of 3,910 for the Rs 400 strike, 3,698 for the Rs 420 strike, 4,686 for the Rs 430 strike, and 5,536 for the Rs 440 strike.

Despite this activity, Vedanta's stock has underperformed the sector by 0.61% today, continuing a downward trend with a two-day return of -3.66%. The stock's performance is currently above the 100-day moving average but below the shorter-term averages, indicating mixed momentum. Additionally, the stock maintains a high dividend yield of 8.96% and demonstrates sufficient liquidity for trading, with a delivery volume increase of 253.24% against the five-day average.

In summary, Vedanta Ltd. is witnessing notable activity in its put options, reflecting a significant engagement in the options market, while the stock itself is navigating a challenging performance landscape.