Bajaj Finance Ltd Sees Surge in Call Options with 39,579 Contracts at Rs 920 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, reflecting significant trading activity in its call options. The stock, with an underlying value of Rs 956.5, has seen a notable number of contracts traded across various strike prices, indicating heightened investor engagement.
The call option with a strike price of Rs 920 led the activity, with 39,579 contracts traded and a turnover of Rs 2,888.28 lakhs. Following closely were the Rs 940 strike options, with 27,637 contracts and a turnover of Rs 858.13 lakhs, and the Rs 930 strike options, which recorded 26,845 contracts and a turnover of Rs 1,282.52 lakhs. The Rs 950 strike options also saw substantial activity, with 26,205 contracts traded and a turnover of Rs 548.34 lakhs. Open interest for these options ranged from 2,020 to 3,103 contracts, reflecting varying levels of market interest.

Despite this trading activity, Bajaj Finance has underperformed its sector by 0.51% today, continuing a trend of three consecutive days of decline, resulting in a total drop of 6%. The stock has traded within a narrow range of Rs 7.95 and remains above its 100-day and 200-day moving averages, although it is below its shorter-term moving averages. Notably, delivery volume has surged by 191.24% compared to the five-day average, indicating rising investor participation.

In summary, Bajaj Finance's active options trading today highlights a dynamic market presence, even as the stock navigates recent performance challenges.