Surge in Bharti Airtel's Put Options: 12,819 Contracts at Rs 1800 Strike Active Today

Bharti Airtel Ltd, a prominent player in the telecommunications sector, has seen significant activity in its put options today, particularly with an expiry date set for May 29, 2025. The stock, currently valued at Rs 1816.9, has experienced notable trading volumes across various strike prices. The most active put option was at a strike price of Rs 1800, with 12,819 contracts traded, resulting in a turnover of approximately Rs 1,254.89 lakhs and an open interest of 3,356 contracts.
Other active puts include the Rs 1820 strike with 10,133 contracts traded and a turnover of Rs 1,395.23 lakhs, and the Rs 1780 strike with 6,622 contracts and a turnover of Rs 447.34 lakhs. The stock has underperformed its sector by 0.45% today, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 1810.1, reflecting a decline of 3.06%.

Despite the recent downturn, Bharti Airtel remains above its 50, 100, and 200-day moving averages, although it is currently below its 5 and 20-day averages. The telecommunications sector overall has seen a decline of 2.38%. With a market capitalization of Rs 10,34,932.12 crore, Bharti Airtel continues to be a significant entity in the market, showcasing robust liquidity for trades around Rs 20.35 crore.