Bajaj Auto Ltd. Sees Surge in Active Put Options with 10,479 Contracts at Rs 8,700

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 8,599.
Notably, the put options with an expiry date of June 26, 2025, have seen significant trading activity. The strike price of Rs 8,700 led the pack with 10,479 contracts traded, generating a turnover of approximately Rs 2,033.35 lakhs. Following closely, the Rs 8,600 strike price recorded 8,790 contracts and a turnover of Rs 1,393.92 lakhs. The Rs 8,500 and Rs 8,000 strike prices also demonstrated notable activity, with 8,533 and 8,293 contracts traded, respectively.

Despite this activity, Bajaj Auto has underperformed its sector by 0.61% today, with a one-day return of -1.90%. The stock has been on a downward trend, losing 4.64% over the last two days. While the stock remains above its 20-day, 50-day, and 100-day moving averages, it is currently below its 5-day and 200-day moving averages.

Investor participation has seen a rise, with delivery volume increasing by 360.84% compared to the five-day average. The liquidity remains robust, accommodating trades of up to Rs 10.52 crore. Overall, the activity in Bajaj Auto's put options reflects a significant engagement in the market, amidst a backdrop of recent performance challenges.