Vedanta Ltd. Sees Surge in Put Options with 6,465 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 464.5. Notably, there were 6,465 put contracts traded with a turnover of Rs 573.96 lakhs, indicating significant activity among investors. The put option has a strike price of Rs 450 and an open interest of 2,624 contracts, reflecting ongoing interest in this option.
Today’s performance shows that Vedanta's stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong position in the market despite a slight decline of 0.16% in its one-day return. This drop follows two consecutive days of gains, indicating a potential trend reversal. The stock's liquidity remains robust, with a delivery volume of 1.41 crore shares on June 27, which has surged by 220.8% compared to the 5-day average.

With a high dividend yield of 8.51%, Vedanta continues to maintain a solid market cap of Rs 1,81,050.97 crore, positioning itself as a significant entity in the large-cap segment. Overall, the activity in Vedanta's put options reflects a noteworthy engagement in the current market landscape.