Bajaj Auto Ltd. Sees Surge in Active Put Options: 4,177 Contracts at Rs 8000 Strike

Bajaj Auto Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, BAJAJ-AUTO, is currently valued at Rs 8141.5. Notably, the put options with an expiry date of August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 8000 led the activity, with 4,177 contracts traded and a turnover of Rs 385.80 lakhs, alongside an open interest of 2,038 contracts. Following closely, the Rs 7900 strike price option recorded 2,024 contracts traded, generating a turnover of Rs 137.21 lakhs and an open interest of 695 contracts. The Rs 7800 strike price option also saw robust activity, with 2,082 contracts traded and a turnover of Rs 99.09 lakhs, supported by an open interest of 526 contracts.

In terms of performance, Bajaj Auto has underperformed its sector by 0.6%, with a one-day return of -0.18%. The stock reached an intraday low of Rs 7858.5, reflecting a decline of 3.91%. Despite being above its 5-day moving averages, it remains below its longer-term moving averages. Additionally, investor participation has decreased, with delivery volume falling by 18.12% compared to the 5-day average.

Overall, the notable activity in Bajaj Auto's put options highlights the current market dynamics surrounding the stock, amidst a backdrop of fluctuating performance metrics and investor engagement.