Adani Ports Sees Heavy Put Option Activity Ahead of December Expiry
Put Option Trading Highlights
On the derivatives front, Adani Ports recorded 1,288 put option contracts traded at the 1,500 strike price, generating a turnover of approximately ₹16.48 crores. The open interest for these contracts stands at 1,910, indicating a substantial build-up of positions that could influence price dynamics as expiry approaches. The underlying stock price was ₹1,515.10 at the time of this activity, placing the 1,500 strike price close to the current market level and making these puts particularly relevant for traders seeking downside protection or speculative opportunities.
Stock Price and Market Context
Adani Ports is trading near its 52-week high, just 0.31% shy of the peak level of ₹1,523.60. The stock…
