Bajaj Finance Ltd Sees Surge in Active Put Options with 13,319 Contracts at Rs 900 Strike

Bajaj Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks today, particularly in the options market. The focus has been on put options, with a significant trading volume of 13,319 contracts at a strike price of Rs 900, reflecting a turnover of approximately Rs 1,017.90 lakhs. The underlying value of Bajaj Finance stands at Rs 905.05, indicating a close proximity to the strike price.
Today’s performance shows that Bajaj Finance has underperformed its sector by 0.63%, marking a trend reversal after three consecutive days of gains. The stock's moving averages reveal that it is currently above the 5-day and 200-day averages but below the 20-day, 50-day, and 100-day averages, suggesting mixed momentum. Notably, investor participation has increased, with a delivery volume of 91.6 lakhs on August 18, which is up 117% compared to the 5-day average.

Despite a one-day return of -1.12%, the stock remains liquid, with trading activity representing 2% of the 5-day average traded value, allowing for a trade size of Rs 16.75 crore. As Bajaj Finance navigates these market dynamics, the focus remains on its performance metrics and market position.