Bharat Electronics Ltd Sees Surge in Put Options: 6,000 Contracts at Rs 380 Strike

Bharat Electronics Ltd (BEL), a prominent player in the Aerospace & Defense sector, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. With an expiry date set for July 31, 2025, the stock's put options at a strike price of Rs 380 have seen significant activity, with 6,000 contracts traded and a turnover of Rs 518.13 lakhs. The open interest stands at 1,126 contracts, indicating a notable level of engagement among traders.
Today, Bharat Electronics' stock is valued at Rs 381.6, reflecting a performance that aligns with sector trends. However, the stock has been on a downward trajectory, experiencing a consecutive decline over the past five days, resulting in a total return of -5.31%. The intraday low reached Rs 378, marking a decrease of 2.89% during the trading session.

In terms of moving averages, the stock is currently above its 100-day and 200-day averages but below its 5-day, 20-day, and 50-day averages. Notably, investor participation has increased, with a delivery volume of 89.34 lakhs on July 28, up 73.88% compared to the five-day average. The stock remains liquid, with a trade size of Rs 9.88 crore based on 2% of the five-day average traded value.

In summary, Bharat Electronics Ltd is witnessing heightened activity in its put options, reflecting current market dynamics and investor behavior, while the stock continues to navigate a challenging performance landscape.