Bajaj Auto Ltd. Sees Surge with 14,988 Active Call Options Amid Market Challenges

Bajaj Auto Ltd., a prominent player in the automobiles sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BAJAJ-AUTO, saw significant activity with 14,988 call contracts traded, reflecting a turnover of approximately Rs 1,032.15 lakhs. The options have an expiry date set for August 28, 2025, with a strike price of Rs 8,500 and an open interest of 2,530 contracts.
Despite this activity, Bajaj Auto's stock has underperformed the sector by 0.6%, with a 1D return of -0.18%. The stock reached an intraday low of Rs 7,858.5, marking a decline of 3.91%. Currently, the stock is trading at an underlying value of Rs 8,175, which is higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation appears to be waning, as evidenced by a delivery volume of 1.04 lakhs on August 5, which has decreased by 18.12% compared to the 5-day average. Overall, Bajaj Auto remains a focal point in the market, reflecting both activity and challenges within its trading performance.