Bajaj Auto Ltd. Sees Surge in Active Put Options at 8800 and 8700 Strike Prices

Bajaj Auto Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, a prominent player in the automobiles industry with a market capitalization of Rs 2,47,115.06 crore, has seen significant trading activity in its put options with expiry set for May 29, 2025.
Two notable strike prices have attracted attention: the 8800 strike price, which recorded 14,033 contracts traded and a turnover of Rs 408.51 lakh, and the 8700 strike price, with 14,165 contracts traded and a turnover of Rs 168.32 lakh. The underlying value of Bajaj Auto stands at Rs 8,838.00, reflecting its current market position.

Despite the notable trading volume, investor participation appears to be declining, with a delivery volume of 1.19 lakh on May 28, down 60.39% compared to the five-day average. The stock's performance today aligns with the sector, while it remains above the 5-day, 20-day, 50-day, and 100-day moving averages, though it is below the 200-day moving average. The liquidity remains adequate for trades sized at Rs 8.7 crore, indicating a stable trading environment.

In summary, Bajaj Auto's put options are witnessing heightened activity, reflecting a complex interplay of market dynamics without indicating future trends or investor sentiment.