Surge in Active Put Options: Bharti Airtel Sees 14,557 Contracts at Rs 1800 Strike

Bharti Airtel Ltd, a prominent player in the telecommunication service provider 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 1837.9, just 4.09% shy of its 52-week high of Rs 1917.
Two notable put options are drawing attention, both set to expire on May 29, 2025. The put option with a strike price of Rs 1840 saw 11,455 contracts traded, generating a turnover of approximately Rs 1683.48 lakhs, while the Rs 1800 strike price option recorded 14,557 contracts traded with a turnover of around Rs 1160.96 lakhs. Open interest for these options stands at 1,601 and 2,400 contracts, respectively.

In terms of performance, Bharti Airtel has shown resilience, gaining 1.15% over the last two days, with a one-day return of 0.05%. The stock's moving averages indicate it is performing above the 50-day, 100-day, and 200-day averages, although it is below the 5-day and 20-day averages. However, investor participation appears to be declining, with delivery volume down by 9.67% compared to the five-day average.

Overall, Bharti Airtel's activity in the options market reflects ongoing interest in its stock, amidst a backdrop of fluctuating investor engagement and market dynamics.