Surge in Bharti Airtel's Put Options: 11,528 Contracts Traded at Rs 1,800 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, has seen significant activity with 11,528 put contracts traded, reflecting a turnover of approximately Rs 1,061.30 lakhs. The put options have a strike price of Rs 1,800 and are set to expire on May 29, 2025, with an open interest of 3,962 contracts.
In terms of price performance, Bharti Airtel has underperformed its sector by 0.25%, with a one-day return of -0.08%. The stock has traded within a narrow range of Rs 17 today, and while it remains above the 50-day, 100-day, and 200-day moving averages, it is currently below the 5-day and 20-day moving averages. Notably, investor participation has declined, with delivery volume dropping by 78.04% compared to the 5-day average, totaling 42.03 lakhs.

Despite these fluctuations, the stock maintains adequate liquidity, with a trading capacity of Rs 24.62 crore based on 2% of the 5-day average traded value. Bharti Airtel's market capitalization stands at Rs 10,35,958.49 crore, solidifying its status as a large-cap entity in the telecom sector. Overall, the activity in the put options market highlights the ongoing dynamics surrounding Bharti Airtel amidst current market conditions.