Surge in Active Put Options: Bharti Airtel Sees 8,062 Contracts at Rs. 2000 Strike

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BHARTIARTL, is currently valued at Rs. 2015.6. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention.
The put option with a strike price of Rs. 1900 saw 6,238 contracts traded, resulting in a turnover of approximately Rs. 449.20 lakhs, while the option with a strike price of Rs. 2000 recorded 8,062 contracts traded and a turnover of about Rs. 1864.94 lakhs. The open interest for these options stands at 1,807 and 1,757 contracts, respectively.

Despite hitting a new 52-week and all-time high of Rs. 2026.4 today, Bharti Airtel underperformed its sector by 0.29%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It has traded within a narrow range of Rs. 16.4 and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation has seen a rise, with a delivery volume of 64.31 lakhs on June 26, up by 30.42% compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs. 32.09 crores based on 2% of the 5-day average traded value.

In summary, Bharti Airtel's notable activity in the options market reflects a dynamic trading environment, underscoring the stock's current market position and performance indicators.