Vedanta Ltd. Sees 3,045 Active Put Contracts at Rs 450 Strike Price

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, has seen significant activity with 3,045 put contracts traded at a strike price of 450, resulting in a turnover of approximately Rs 207.51 lakhs. The open interest stands at 2,542 contracts, indicating a robust interest in this option type as it approaches its expiry date on June 26, 2025.
Despite the notable trading activity, Vedanta's stock has underperformed its sector by 0.6% today, although it has shown resilience with a consecutive gain over the past six days, yielding a total return of 7.54% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend.

In terms of liquidity, Vedanta is considered liquid enough for trades sized at Rs 6.93 crore, based on 2% of its 5-day average traded value. The stock's delivery volume has also increased, with 42.01 lakhs delivered on June 9, marking a 13.6% rise against the 5-day average. With a market capitalization of Rs 1,82,497.81 crore, Vedanta continues to maintain a high dividend yield of 7.1%. Overall, the activity in Vedanta's put options highlights a significant engagement in the stock, amidst a backdrop of fluctuating performance metrics.