Bharat Electronics Ltd Sees Surge in Active Put Options with 7,219 Contracts at Rs 360

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 with its put options. The company’s stock is currently valued at Rs 364.4, just 2.58% shy of its 52-week high of Rs 373.5.
Today, the put options with strike prices of Rs 350 and Rs 360 have seen significant trading activity. The Rs 350 strike price put option recorded 6,628 contracts traded, generating a turnover of Rs 802.82 lakhs, while the Rs 360 strike price saw 7,219 contracts traded with a turnover of Rs 1,667.44 lakhs. Open interest for these options stands at 3,040 and 2,200 contracts, respectively, indicating a robust interest in these positions.

Bharat Electronics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong upward trend. The stock's performance today aligns with sector trends, showing a 1D return of 0.40%, compared to the sector's 0.17% and the Sensex's slight decline of 0.05%. Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 2.26 crore shares on May 19, up 11.81% from the 5-day average.

In summary, Bharat Electronics Ltd is experiencing notable activity in its put options, supported by strong trading metrics and a favorable market position.