Bajaj Auto Ltd. Sees 8,216 Active Put Options at Rs 8,800 Strike Price

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 8,216 contracts traded, resulting in a turnover of approximately Rs 218.97 lakhs. The put options have a strike price of Rs 8,800 and are set to expire on May 29, 2025, with an open interest of 999 contracts.
In terms of price performance, Bajaj Auto has underperformed its sector by 0.98%, reflecting a one-day return of -1.71%. The stock reached an intraday low of Rs 8,775, marking a decline of 2.1%. Despite this, it remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average, indicating mixed trends in its price trajectory.

Investor participation has shown signs of decline, with delivery volume dropping by 23.93% compared to the 5-day average. However, the stock maintains sufficient liquidity for trades, with a size of Rs 9.59 crore based on 2% of the 5-day average traded value. Overall, Bajaj Auto's current activity in the options market highlights notable trends amid fluctuating performance metrics.