Bajaj Auto's Call Options Surge with 7,724 Contracts at Rs 9,000 Strike Price

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, has seen significant activity with 7,724 call contracts traded, reflecting a turnover of approximately Rs 663.01 lakhs. The options set to expire on November 25, 2025, have a strike price of Rs 9,000, with an open interest of 4,006 contracts. In terms of performance, Bajaj Auto has shown resilience, gaining 1.52% today, which is notably higher than the sector's return of 1.27% and the Sensex's return of 0.24%. This uptick comes after three consecutive days of decline, indicating a potential trend reversal. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum. Investor participation has also increased, with a delivery volume of 474,000 shares on November 14, marking a 71.03% rise compared to the 5-day average. The liquidity of Bajaj Auto remains robust, accommodating a trade size of Rs 9.79 crore based on 2% of the 5-day average traded value. Overall, Bajaj Auto's performance today highlights its active engagement in the market and a positive shift in trading dynamics.