Bharat Electronics Sees Surge in Put Option Activity with 4,366 Contracts Traded

Bharat Electronics Ltd, a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company’s underlying stock, BEL, has seen significant activity with 4,366 contracts traded, resulting in a turnover of approximately Rs 884.93 lakhs. The put options have a strike price of Rs 380 and are set to expire on May 29, 2025, with an open interest of 2,461 contracts.
Today, Bharat Electronics reached a new 52-week high of Rs 384.95, although it underperformed its sector by 0.27%. The stock has experienced a trend reversal, declining after two consecutive days of gains. Despite this, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

Investor participation has risen, with a delivery volume of 3.17 crore shares on May 21, marking a 58.84% increase compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 7.62 crore based on 2% of the 5-day average traded value.

In summary, Bharat Electronics continues to show notable activity in the options market, reflecting its significant position within the Aerospace & Defense industry.