Bajaj Auto Ltd. Sees Surge in Active Call Options with 16,580 Contracts at Rs 8,800 Strike

Bajaj Auto Ltd. has emerged as one of the most active stocks today, reflecting significant trading activity in the options market. The company, a key player in the automobiles sector, saw its call options for the expiry date of May 29, 2025, garner considerable attention. Specifically, 16,580 contracts were traded at a strike price of Rs 8,800, contributing to a turnover of approximately Rs 1,667.40 lakhs. The open interest for these contracts stands at 3,744, indicating ongoing interest among traders.
In terms of performance, Bajaj Auto's stock has outperformed its sector by 0.32%, with a notable intraday high of Rs 8,765, reflecting a 2.34% increase. The stock's current value is Rs 8,748, which is higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Additionally, the stock has shown rising investor participation, with a delivery volume of 245,000 shares on May 20, marking a 6.13% increase compared to the 5-day average.

Overall, Bajaj Auto's robust trading activity and performance metrics highlight its strong position within the large-cap automobile industry, underscoring the stock's liquidity and investor engagement.