Surge in Bharti Airtel's Call Options: 8,330 Contracts at Rs 1960 Strike Traded Today

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today, reflecting significant trading activity in its options market. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1932.5, just 0.38% shy of its 52-week high of Rs 1949.
Today, two notable call options have garnered attention. The call option with a strike price of Rs 1940 saw 6,195 contracts traded, resulting in a turnover of approximately Rs 436.63 lakhs, while the Rs 1960 strike price option recorded 8,330 contracts traded with a turnover of Rs 326.24 lakhs. Open interest for these options stands at 4,107 and 4,562 contracts, respectively, indicating robust market engagement.

Despite a slight decline of 0.22% in the stock's 1D return, Bharti Airtel has maintained a strong position, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has experienced a trend reversal after three consecutive days of gains, trading within a narrow range of Rs 16.8. Additionally, the delivery volume surged to 1.26 crore on June 20, marking a 216.8% increase compared to the 5-day average, highlighting rising investor participation.

In summary, Bharti Airtel's active trading in options, coupled with its solid market metrics, underscores its significant presence in the telecom sector.