Bajaj Finance Ltd Sees Surge in Call Options Activity with 8,488 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 stock is currently trading at an underlying value of Rs 919.25. Notably, several call options with an expiry date of July 31, 2025, have seen significant trading activity.
The call option with a strike price of Rs 900 led the activity with 8,488 contracts traded, generating a turnover of Rs 1,167.31 lakhs. Following closely, the Rs 940 strike price option recorded 8,361 contracts traded and a turnover of Rs 223.95 lakhs. Other notable strike prices include Rs 950 with 9,712 contracts and Rs 930 with 8,837 contracts traded, reflecting a robust interest in these options.

Despite this activity, Bajaj Finance has underperformed the sector by 3.2%, with the stock experiencing a consecutive decline over the past two days, resulting in a total drop of 6.23%. Today, it opened with a gap down of 5.48%, reaching an intraday low of Rs 898. The stock's performance metrics indicate it is currently above its 100-day and 200-day moving averages but below its shorter-term averages.

In summary, while Bajaj Finance shows significant options trading activity, it faces challenges in its stock performance, reflecting broader market dynamics.