Surge in Active Put Options: Maruti Suzuki Sees 5,651 Contracts at Rs 11,500 Strike

Maruti Suzuki India Ltd, a prominent player in the passenger car segment, has emerged as one of the most active stocks in the options market today, particularly in the put options category. The company’s underlying stock, trading at Rs 11,651.9, has seen significant activity with 5,651 put contracts traded, reflecting a turnover of approximately Rs 473.59 lakhs. The options have a strike price of Rs 11,500 and are set to expire on April 24, 2025, indicating a strategic interest among traders.
Despite the notable trading volume, Maruti Suzuki's stock performance today aligns closely with the sector, showing a one-day return of -0.75%, slightly underperforming the sector's return of -0.69% and the Sensex's -0.34%. The stock has been trading within a narrow range of Rs 49.7, and it currently sits below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Investor participation appears to be declining, with delivery volume dropping by 22.14% compared to the 5-day average. However, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 12.54 crores. Overall, Maruti Suzuki's activity in the options market reflects a complex interplay of market dynamics, with traders closely monitoring the stock's movements and performance indicators.