Bajaj Finance Sees Surge in Active Put Options with 37,300 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 in the options market today, particularly in put options. The company’s underlying stock, BAJFINANCE, is currently valued at Rs 912.85. Notably, two significant put options are drawing attention: one with a strike price of Rs 910, which saw 20,806 contracts traded and a turnover of Rs 1,693.09 lakhs, and another with a strike price of Rs 900, where 37,300 contracts were traded, resulting in a turnover of Rs 2,145.68 lakhs.
The open interest for these options stands at 1,327 and 3,338 contracts, respectively, indicating a robust interest among traders. Despite this activity, Bajaj Finance has underperformed its sector by 0.51% today, continuing a trend of decline with a 6% drop over the past three days. The stock has traded within a narrow range of Rs 7.95 and has shown a one-day return of -0.31%.

While the stock remains above its 100-day and 200-day moving averages, it is currently below its shorter-term moving averages. The recent rise in delivery volume, which increased by 191.24% against the five-day average, suggests heightened investor participation. Overall, Bajaj Finance's current market dynamics reflect a complex interplay of trading activity and performance metrics, underscoring the stock's position in the financial landscape.