Surge in Bharti Airtel Put Options: 2,367 Contracts Traded at Rs 1860 Strike Price

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1872.9, just 2.73% shy of its 52-week high of Rs 1917.
Today, a total of 2,367 put contracts were traded with a turnover of Rs 316.39 lakhs, indicating significant activity in this option type, which has a strike price of Rs 1860 and an expiry date set for June 26, 2025. The open interest for these puts stands at 1,844 contracts, reflecting ongoing interest among traders.

In terms of performance, Bharti Airtel has shown a positive trend, gaining 1.62% today, which is in line with the sector's 1.47% return. The stock has reversed its previous three-day decline and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is noteworthy that investor participation has decreased, with delivery volume dropping by 19.47% compared to the 5-day average.

Overall, Bharti Airtel's activity in the options market, coupled with its current trading metrics, underscores its significant position within the telecom sector.