Surge in Bharti Airtel Ltd Put Options: 2,406 Contracts at Rs 1900 Strike Active

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 2002.0, having reached a new 52-week and all-time high of Rs 2009.9 during the trading session.
Notably, the put options with a strike price of Rs 1900 saw the highest activity, with 2,406 contracts traded and a turnover of Rs 183.09 lakhs. This was closely followed by the Rs 1960 strike price put, which recorded 1,859 contracts and a turnover of Rs 314.44 lakhs. The Rs 2000 strike price put also demonstrated significant activity, with 1,769 contracts traded and a turnover of Rs 456.59 lakhs. Open interest for these puts stands at 1,614, 1,120, and 819 contracts, respectively.

Despite a recent decline in delivery volume, which fell by 43.06% against the five-day average, Bharti Airtel continues to trade above its moving averages across various time frames. The stock has gained 3.31% over the last two days, reflecting a performance that aligns with sector trends. Overall, Bharti Airtel's activity in the options market today highlights its robust market position and ongoing investor engagement.