Surge in Put Options: Bajaj Finance Sees 2,276 Contracts at Rs 9,100 Strike

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks in terms of put options today. The underlying asset, BAJFINANCE, has seen significant trading activity with 2,276 contracts exchanged, resulting in a turnover of approximately Rs 578.44 lakhs. The put option, set to expire on June 26, 2025, has a strike price of Rs 9,100, while the underlying value stands at Rs 9,141.
Despite this activity, Bajaj Finance has underperformed its sector by 0.56%, reflecting a broader trend of consecutive declines, with the stock experiencing a 1.36% drop over the last two days. The stock has traded within a narrow range of Rs 57.5, indicating limited volatility. Notably, it remains above the 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.

Investor participation has shown signs of improvement, with a delivery volume of 3.69 lakhs on May 29, marking a 15.8% increase compared to the five-day average. The liquidity remains robust, accommodating trades up to Rs 11.78 crore based on 2% of the five-day average traded value. Overall, Bajaj Finance's current performance reflects a complex interplay of market dynamics and investor activity.