Bajaj Finserv Sees Surge in Active Put Options with 4,355 Contracts Traded at Rs 1900 Strike

Bajaj Finserv Ltd, a prominent player in the Finance/NBFC sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, trading at Rs 1932.8, saw significant activity with 4,355 contracts traded for puts with a strike price of Rs 1900, resulting in a turnover of approximately Rs 931.94 lakhs. The open interest for these puts stands at 739 contracts, indicating ongoing interest among traders.
Today, Bajaj Finserv underperformed its sector by 4.35%, reflecting a broader trend reversal as the stock has declined after two consecutive days of gains. The stock opened with a gap down of 2.36% and reached an intraday low of Rs 1926.5, marking a decrease of 6.79%. The weighted average price suggests that more volume was traded closer to this low price point.

Despite being above the 50-day, 100-day, and 200-day moving averages, the stock is currently below the 5-day and 20-day moving averages. Additionally, investor participation has decreased, with delivery volume dropping by 31.33% compared to the 5-day average. With a market capitalization of Rs 3,09,544.88 crore, Bajaj Finserv remains a liquid stock, suitable for trades around Rs 4.4 crore. Overall, the activity in the put options reflects a notable shift in market dynamics for Bajaj Finserv today.