Surge in Put Options for Bharti Airtel: 3,993 Contracts at Rs 1860 Strike

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 put options. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1872.3. Notably, several put options with an expiry date of August 28, 2025, have seen significant trading activity.
The put option with a strike price of Rs 1860 recorded the highest trading volume, with 3,993 contracts traded and a turnover of Rs 399.63 lakhs. Following closely, the Rs 1880 strike price option saw 3,565 contracts traded, generating a turnover of Rs 507.17 lakhs. Other notable strike prices include Rs 1800, with 3,734 contracts traded, and Rs 1900, which had 2,929 contracts traded.

Despite this activity, Bharti Airtel's stock has faced challenges, experiencing a decline of 3.02% over the past three days, with a one-day return of -2.45%. The stock touched an intraday low of Rs 1868.8, reflecting a broader trend in the telecommunications sector, which has also seen a decrease of 2.32%.

Overall, while Bharti Airtel's put options are actively traded, the stock's recent performance indicates a period of volatility, underscoring the dynamic nature of the telecom market.