Bajaj Finance Sees Surge in Active Put Options with 4,804 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 stock, trading under the ticker BAJFINANCE, has seen significant activity with 4,804 contracts traded for puts with a strike price of 900, reflecting a turnover of approximately Rs 443.65 lakhs. The open interest stands at 3,047 contracts, indicating a robust interest in this option.
Despite the heightened activity in the options market, Bajaj Finance's performance today has underperformed its sector by 0.34%, with a one-day return of -0.12%. The underlying value of the stock is currently at Rs 925.3. In terms of moving averages, the stock is positioned higher than the 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day and 20-day moving averages.

Investor participation appears to be declining, with a delivery volume of 37.37 lakhs on July 4, down 43.61% compared to the 5-day average. However, the stock maintains sufficient liquidity for trading, with a trade size of Rs 15.15 crores based on 2% of the 5-day average traded value.

In summary, while Bajaj Finance has shown notable activity in the options market, its stock performance reflects some challenges in the current trading environment.