Surge in Bharti Airtel Ltd's Put Options: 5,941 Contracts at Rs 1900 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 put options. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1933.4. 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 1900 recorded the highest number of contracts traded at 5,941, generating a turnover of approximately Rs 396.77 lakhs and an open interest of 1,930 contracts. Following closely, the Rs 1940 strike price option saw 5,611 contracts traded, with a turnover of Rs 727.87 lakhs and an open interest of 1,004. Other notable strike prices include Rs 1960 and Rs 1920, with 3,793 and 4,647 contracts traded, respectively.

Despite underperforming the sector by 0.25% today, Bharti Airtel has shown resilience, gaining 2.91% over the past three days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock's liquidity remains robust, with a delivery volume of 38.72 lakhs, reflecting a 27% increase compared to the 5-day average.

In summary, Bharti Airtel's active put options trading highlights the stock's current market dynamics, with significant trading volumes and a solid performance in the context of its moving averages.