Voltas Ltd. Sees Surge in Active Put Options with 9,499 Contracts at Rs 1,200 Strike

Voltas Ltd., a prominent player in the air conditioning industry, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, set to expire on May 29, 2025, have seen significant trading activity, with 9,499 contracts exchanged at a turnover of approximately Rs 1,266.60 lakhs. The strike price for these puts is set at Rs 1,200, while the underlying stock is currently valued at Rs 1,240.70.
Despite the heightened activity in the options market, Voltas has underperformed its sector by 1.22% today, marking a trend reversal after three consecutive days of decline. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging short-term outlook. Additionally, the open interest for these put options stands at 2,846, reflecting ongoing interest among traders.

Investor participation has notably decreased, with delivery volumes dropping by 22.65% compared to the 5-day average. However, the stock remains liquid enough for trades of approximately Rs 7.53 crore, suggesting that it can accommodate significant trading activity. Overall, Voltas Ltd. continues to navigate a complex market environment, with its options activity highlighting the current dynamics within the air conditioning sector.