Vedanta Ltd. Sees 3,537 Contracts in Rs 470 Strike Puts Amid Declining Participation

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s underlying stock, VEDL, is currently valued at Rs 477.25, reflecting a notable performance with a one-day return of 2.62%.
Today, Vedanta's put options have garnered significant attention, with 3,537 contracts traded at a strike price of Rs 470, resulting in a turnover of approximately Rs 500.31 lakhs. The open interest stands at 1,645 contracts, indicating a robust interest in these options as the expiry date approaches on October 28, 2025.

In terms of price movement, Vedanta reached an intraday high of Rs 479.90, marking a 3.24% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 45.84% compared to the 5-day average.

The Non-Ferrous Metals sector has also seen a gain of 2.54%, while Vedanta's high dividend yield of 6.78% adds to its appeal. Overall, the activity surrounding Vedanta's puts reflects a dynamic trading environment, underscoring the stock's current market position.