Surge in Voltas Ltd. Put Options: 12,007 Contracts at Rs 1,200 Strike Price

Voltas Ltd., a prominent player in the air conditioning industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on May 29, 2025, have seen significant trading activity, with 12,007 contracts exchanged at a turnover of approximately Rs 906.29 lakhs. The strike price for these puts is set at Rs 1,200, while the underlying stock is currently valued at Rs 1,215.
Today, Voltas has experienced a decline, consistent with broader market trends, as it has lost 3.16% over the past two days. The stock opened down 2.71%, reaching an intraday low of Rs 1,190. Performance metrics indicate that Voltas is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish trend.

Despite the recent downturn, there has been a notable increase in investor participation, with delivery volume rising by 181.24% compared to the 5-day average. The stock remains liquid, accommodating trades of up to Rs 1.5 crore based on recent trading volumes.

In summary, Voltas Ltd. is currently navigating a challenging market environment, marked by notable put activity and fluctuating performance indicators.