Strong Call Option Volumes Signal Investor Interest
On 27 November 2025, Bajaj Finance recorded substantial trading volumes in call options expiring on 30 December 2025. The strike prices of Rs 1,030 and Rs 1,040 attracted the highest number of contracts, with 6,058 and 4,793 contracts traded respectively. This activity generated turnovers of approximately ₹1305.8 lakhs and ₹885.4 lakhs, indicating robust liquidity and investor engagement in these strike bands.
The underlying stock price stood at Rs 1,039.0, placing the Rs 1,030 strike slightly in-the-money and the Rs 1,040 strike near-the-money. Open interest figures further underscore the sustained interest, with 1,670 contracts open at the Rs 1,030 strike and 1,096 contracts at Rs 1,040. Such data points suggest that market participants are positioning for potential upward price movements in the coming weeks.
Price Performance and Market Context
Bajaj Finance’s stock price has demonstrated resilience, outperforming its sector by 2.01% on the day. The stock has recorded gains over the past two consecutive sessions, delivering a cumulative return of 5.26% during this period. Intraday, the stock touched a high of Rs 1,038.5, reflecting a 2.75% rise from previous levels.
Technical indicators support this momentum, with the stock trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This alignment across multiple timeframes often signals sustained buying interest and a positive trend trajectory.
Investor participation has also shown signs of strengthening. Delivery volumes on 26 November reached 66.81 lakh shares, representing a 35.77% increase compared to the five-day average delivery volume. This rise in delivery volume indicates that investors are not merely trading intraday but are holding positions, which can be a bullish indicator.
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Liquidity and Market Capitalisation
Bajaj Finance’s market capitalisation stands at a substantial ₹6,38,240 crore, categorising it firmly within the large-cap segment. The stock’s liquidity profile supports sizeable trade sizes, with the average traded value over five days allowing for transactions up to ₹15.53 crore without significant market impact. This liquidity is crucial for institutional investors and traders engaging in derivatives, as it facilitates efficient entry and exit.
The stock’s one-day return of 2.86% notably outpaces the sector’s 0.68% and the Sensex’s 0.31%, highlighting its relative strength within the broader market context. Such performance metrics often attract derivative traders seeking to capitalise on momentum and volatility.
Expiry Patterns and Strike Price Concentration
The concentration of call option activity around the Rs 1,030 and Rs 1,040 strike prices for the 30 December expiry suggests that market participants are focusing on these levels as key price points. The proximity of these strikes to the current underlying price indicates a strategic positioning for potential upward moves within the next month.
Open interest data reveals that these strikes are not only seeing fresh trading but also sustained positions, which can influence price dynamics as expiry approaches. Traders often monitor such open interest clusters to gauge potential support and resistance zones in the underlying stock.
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Investor Sentiment and Sectoral Context
Within the NBFC sector, Bajaj Finance continues to command significant investor attention. The stock’s recent performance and derivatives activity reflect a broader market assessment that favours its growth prospects and operational resilience. While the sector has experienced varied trends, Bajaj Finance’s ability to maintain trading volumes and price momentum distinguishes it among peers.
Market participants should note that the derivatives market often serves as a barometer for investor expectations. The elevated call option volumes and open interest at near-the-money strikes suggest a collective anticipation of positive price movement, though this is balanced by the inherent risks associated with market volatility and macroeconomic factors.
Outlook Ahead of December Expiry
As the 30 December expiry approaches, monitoring the evolution of open interest and trading volumes in Bajaj Finance’s call options will be critical. Changes in these metrics can provide insights into shifting market sentiment and potential price targets. Investors and traders may also consider the stock’s technical positioning and delivery volumes as complementary indicators of underlying strength.
Given the stock’s current standing above key moving averages and its relative outperformance, the derivatives activity aligns with a market environment that favours selective bullish positioning. However, prudent risk management remains essential given the dynamic nature of equity markets.
Summary
Bajaj Finance’s derivatives market activity on 27 November 2025 highlights a pronounced focus on call options with strike prices close to the current stock price. The combination of high contract volumes, significant turnover, and rising open interest points to a bullish stance among investors. Supported by strong price performance and technical indicators, the stock remains a key player within the NBFC sector, attracting both equity and derivatives market participants.
Investors seeking to understand the nuances of Bajaj Finance’s market behaviour may find value in tracking these derivatives trends alongside fundamental and technical analyses as the December expiry draws near.
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