Bajaj Auto Ltd. Sees Surge in Active Put Options with 3,012 Contracts Traded

Bajaj Auto Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, BAJAJ-AUTO, has seen significant activity with 3,012 contracts traded, resulting in a turnover of approximately Rs 194.23 lakhs. The put options have a strike price of Rs 8,700 and are set to expire on August 28, 2025, with an open interest of 1,245 contracts.
In terms of performance, Bajaj Auto has underperformed its sector by 0.3% today, marking a trend reversal after three consecutive days of gains. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 24.07% compared to the 5-day average.

The underlying value of Bajaj Auto stands at Rs 8,750. Despite a one-day return of -0.32%, the stock remains liquid enough for trades sized at Rs 11.5 crore, based on 2% of the 5-day average traded value. Overall, the activity in Bajaj Auto's put options reflects a complex interplay of market dynamics, underscoring the stock's current position within the automobile industry.