Vedanta Ltd. Sees Surge in Active Put Options with 4,047 Contracts at Rs 450 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 462.7. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The put option with a strike price of Rs 440 saw 3,281 contracts traded, resulting in a turnover of approximately Rs 185.37 lakhs, while open interest stood at 1,848 contracts. Meanwhile, the put option with a strike price of Rs 450 recorded 4,047 contracts traded, with a turnover of around Rs 356.10 lakhs and an open interest of 2,198 contracts.

In terms of performance, Vedanta has outperformed its sector by 1.14% today, marking a consecutive gain over the last two days with a total return of 4.88%. The stock reached an intraday high of Rs 471, reflecting a 3.4% increase. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock also boasts a high dividend yield of 8.67% and demonstrates sufficient liquidity for trading.

In summary, Vedanta Ltd. is experiencing notable activity in its put options, reflecting a dynamic trading environment amidst its recent performance gains.