Surge in Bharti Airtel Ltd's Put Options: 6,986 Contracts Traded at Rs 1900 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 the put options segment. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1920.5. Notably, a total of 6,986 put contracts were traded with a turnover of approximately Rs 692.07 lakhs, indicating significant activity among investors. The put options have a strike price of Rs 1900 and an open interest of 2,035 contracts, reflecting ongoing interest in this option type.
Today’s performance aligns with sector trends, as the stock has experienced a decline of 5.57% over the past four days, with a one-day return of -2.19%. The stock reached an intraday low of Rs 1918, down 2.37%. While Bharti Airtel's moving averages indicate it is above the 50-day, 100-day, and 200-day averages, it remains below the 5-day and 20-day averages. The telecommunications sector overall has seen a decrease of 2.16%, with Bharti Airtel's liquidity remaining robust, allowing for trades up to Rs 15.93 crore based on recent delivery volumes.

In summary, Bharti Airtel's notable activity in the put options market reflects current market dynamics and investor behavior, amidst a backdrop of recent stock performance trends.