Bharti Airtel Sees 9,768 Put Contracts at Rs 2060 Strike, Noteworthy Turnover of Rs 333.14 Lakhs

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 2079.3. Notably, two put options with expiry dates set for October 28, 2025, have garnered significant attention.
The put option with a strike price of Rs 2040 saw 9,359 contracts traded, resulting in a turnover of Rs 142.26 lakhs, while the option with a strike price of Rs 2060 recorded 9,768 contracts traded and a turnover of Rs 333.14 lakhs. The open interest for these options stands at 1,605 and 1,388 contracts, respectively.

In terms of performance, Bharti Airtel has been on an upward trajectory, achieving a new 52-week high of Rs 2094 today, reflecting a 3.67% increase over the last two days. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.62% compared to the 5-day average.

Overall, Bharti Airtel's recent activity in the options market, coupled with its strong stock performance, underscores its significant position within the telecom sector.