Bajaj Finance Sees Surge in Active Put Options with 4,490 Contracts Traded at Rs 9,000

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 is on the put options for Bajaj Finance, with a notable expiry date set for June 26, 2025. The put options have a strike price of Rs 9,000, with 4,490 contracts traded, resulting in a turnover of approximately Rs 355.06 lakhs. The open interest stands at 4,067 contracts, indicating a significant level of activity in this segment.
In terms of price performance, Bajaj Finance has underperformed its sector by 1.72%, reflecting a broader trend of decline, as the stock has seen a consecutive fall over the last two days, totaling a 3.4% decrease. Today, it opened with a gap down of 3.88%, reaching an intraday low of Rs 9,147, which marks a 3.91% drop. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average.

Investor participation has shown signs of decline, with a delivery volume of 726,000 shares on June 12, down 0.6% from the five-day average. The liquidity remains adequate, supporting a trade size of Rs 22.63 crore, based on 2% of the five-day average traded value. Overall, Bajaj Finance's current activity in the options market reflects the ongoing volatility and investor sentiment surrounding the stock.