Bharti Airtel Sees 6,630 Call Contracts Trade at Rs 2,060 Strike Price

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today. The company’s underlying stock, BHARTIARTL, is currently trading at Rs 2060.8, just 0.8% shy of its 52-week high of Rs 2067. The stock has shown a positive trend, gaining 2.12% over the last two days, aligning its performance with sector trends, which saw a 0.94% increase today.
In the options market, Bharti Airtel's call options with an expiry date of October 28, 2025, have attracted significant attention. A total of 6,630 contracts were traded at a strike price of Rs 2060, resulting in a turnover of Rs 194.62 lakhs. The open interest stands at 2,075 contracts, indicating ongoing interest in these options.

Despite the stock's upward movement, there has been a notable decline in investor participation, with delivery volume dropping by 46.62% compared to the five-day average. However, Bharti Airtel remains liquid, with a trading capacity sufficient for a trade size of Rs 22.35 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reinforcing its strong market position.

In summary, Bharti Airtel's recent performance and active options trading reflect its robust standing in the telecom sector, while the decline in delivery volume may warrant further observation.