Bajaj Finance Sees Surge in Active Put Options at Rs 1000 Strike with 12,493 Contracts

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 company’s underlying stock, BAJFINANCE, is currently valued at Rs 1011.7, just 1.57% shy of its 52-week high of Rs 1025.7.
Today, the trading activity in put options has been significant, with the highest volume recorded for the strike price of Rs 1000, where 12,493 contracts were traded, resulting in a turnover of approximately Rs 1,176.84 lakhs. Other notable strike prices include Rs 1020 with 8,604 contracts traded and a turnover of Rs 1,326.09 lakhs, and Rs 1010 with 8,779 contracts and a turnover of Rs 1,075.21 lakhs. The open interest for these puts indicates a robust market engagement, with the Rs 980 strike price showing an open interest of 2,254 contracts.

Despite a slight decline today, following a 13-day streak of gains, Bajaj Finance remains above its moving averages across various time frames, indicating a strong performance trend. The stock's liquidity is also noteworthy, with a delivery volume of 58.82 lakhs, reflecting a 34.56% increase compared to the five-day average. Overall, Bajaj Finance continues to demonstrate solid market activity, underscoring its position within the financial sector.