Bajaj Auto Ltd. Sees Surge in Active Put Options with 3,122 Contracts at Rs 8,800

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 8,861.5. Notably, the put options with an expiry date of September 30, 2025, have seen significant trading activity.
The put option with a strike price of Rs 8,800 led the activity with 3,122 contracts traded, resulting in a turnover of Rs 447.84 lakhs and an open interest of 1,279 contracts. Following closely, the Rs 8,500 strike price option recorded 3,017 contracts traded and a turnover of Rs 203.69 lakhs, with an open interest of 973. The Rs 8,700 strike price option also saw 2,694 contracts traded, contributing to a turnover of Rs 311.18 lakhs and an open interest of 983.

In terms of stock performance, Bajaj Auto has underperformed its sector by 0.33% today, although it has gained after three consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend reversal. However, investor participation has decreased, with delivery volume falling by 24.87% compared to the 5-day average.

Overall, Bajaj Auto's activity in the options market reflects a dynamic trading environment, with notable put option transactions indicating a focus on potential downside protection amidst fluctuating market conditions.