Bajaj Auto Ltd. Sees Surge in Put Options with 4,620 Contracts at Rs 8500 Strike

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 significant player in the automobiles industry with a market capitalization of Rs 2,40,873.65 crore, has seen substantial trading activity in its put options expiring on June 26, 2025.
Among the notable trades, the put option with a strike price of Rs 8500 led the activity with 4,620 contracts traded, resulting in a turnover of Rs 591.34 lakh and an open interest of 1,432 contracts. Following closely, the Rs 8600 strike price put option recorded 3,936 contracts traded and a turnover of Rs 633.37 lakh, with an open interest of 724 contracts. Other significant strike prices included Rs 8000, Rs 8200, and Rs 8800, each showing considerable trading volumes and turnover.

Despite this activity, Bajaj Auto's stock performance today has underperformed the sector by 1.25%, with a one-day return of -2.81%. The stock reached a day's low of Rs 8641.5, reflecting a decline of 2.63%. 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 averages. Additionally, investor participation has decreased, with delivery volume falling by 37.2% compared to the five-day average.

In summary, Bajaj Auto Ltd. is witnessing significant put option activity, indicating a notable interest in hedging strategies, while its stock performance reflects broader market challenges.