Bajaj Auto Ltd. Sees Surge with 12,103 Active Call Options at Rs 8,500 Strike

Bajaj Auto Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BAJAJ-AUTO, has seen significant activity with 12,103 call contracts traded, resulting in a turnover of approximately Rs 864.15 lakhs. The options have an expiry date set for August 28, 2025, with a strike price of Rs 8,500. Currently, the underlying value of Bajaj Auto stands at Rs 8,223.50, indicating a robust market position.
Despite the notable trading volume, the stock has experienced a slight decline of 0.07% today, which contrasts with the sector's performance, which fell by 0.18%. This marks a trend reversal for Bajaj Auto, as it has seen a decrease following three consecutive days of gains. The stock's moving averages reveal that it is currently above the 5-day and 100-day averages but below the 20-day, 50-day, and 200-day averages, suggesting mixed momentum.

Additionally, open interest stands at 2,324 contracts, reflecting ongoing interest in the stock. However, there has been a decline in investor participation, with delivery volume dropping by 20.11% compared to the 5-day average. Overall, Bajaj Auto remains a liquid stock, suitable for trades around Rs 5.26 crore based on its recent trading activity. This activity underscores the dynamic nature of the stock in the current market environment.