Vedanta Ltd. Sees Surge in Active Put Options with 6,085 Contracts at Rs 440 Strike

Vedanta Ltd., a prominent player in the Non-Ferrous Metals industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, VEDL, has seen significant activity in put options, with 6,085 contracts traded at a strike price of Rs 440, resulting in a turnover of approximately Rs 538.49 lakhs. The open interest stands at 1,648 contracts, indicating a notable level of engagement among traders.
Today, Vedanta's stock has underperformed its sector by 0.48%, continuing a downward trend with a three-day decline of 4.31%. The stock reached an intraday low of Rs 442.1, reflecting a decrease of 3.15%. Despite this, the stock remains above its 50-day and 100-day moving averages, although it is below the 5-day, 20-day, and 200-day moving averages.

Investor participation has shown a positive trend, with delivery volume rising to 80.96 lakhs on June 18, an increase of 88.38% compared to the five-day average. The stock also boasts a high dividend yield of 7.12% at its current price, and liquidity remains robust, supporting trades of up to Rs 8.44 crore.

In summary, Vedanta Ltd. is experiencing heightened activity in its put options amid a challenging market environment, reflecting ongoing investor engagement and market dynamics.