Bajaj Finance Sees Surge in Put Options: 9,639 Contracts at 940 Strike Price

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 933.05, just 4.14% shy of its 52-week high of Rs 978.8.
Today, significant activity was noted in put options with various strike prices. The 940 strike price saw 9,639 contracts traded, generating a turnover of approximately Rs 1,511.64 lakhs, while the 930 strike price recorded 7,881 contracts with a turnover of Rs 985.91 lakhs. The 900 strike price also attracted attention with 9,663 contracts traded, resulting in a turnover of Rs 506.58 lakhs. Open interest figures indicate a robust interest in these options, with 1,005 contracts for the 940 strike, 768 for the 930 strike, and 1,961 for the 900 strike.

Bajaj Finance has been on a positive trajectory, gaining 7.26% over the past week and trading above its moving averages across various time frames. The stock's liquidity remains strong, with a delivery volume of 1.14 crore on September 4, reflecting a 225.61% increase compared to the five-day average. The stock's one-day return stands at 0.36%, aligning closely with sector performance.

In summary, Bajaj Finance's active put options trading highlights the stock's current market dynamics, characterized by rising investor participation and solid performance metrics.