Surge in Bharti Airtel's Put Options: 29,936 Contracts at Rs 1900 Strike Highlight Activity

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 put options. The company’s underlying stock, BHARTIARTL, is currently valued at Rs 1934.0, just 0.38% shy of its 52-week high of Rs 1949.
Notably, the put options expiring on June 26, 2025, have seen significant trading activity. The strike price of Rs 1880 recorded 20,062 contracts traded, generating a turnover of approximately Rs 485.05 lakhs, with an open interest of 4,004 contracts. The Rs 1920 strike price saw 21,692 contracts traded and a turnover of Rs 1,474.46 lakhs, while the Rs 1900 strike price led with 29,936 contracts traded and a turnover of Rs 1,217.20 lakhs, alongside an open interest of 4,495 contracts.

Despite a slight decline of 0.17% in the stock's one-day return, Bharti Airtel has maintained a strong position above its moving averages across various time frames. The stock has also experienced a notable increase in delivery volume, rising by 216.8% compared to the five-day average, indicating heightened investor participation.

In summary, Bharti Airtel's active put options trading reflects a dynamic market environment, with substantial turnover and open interest, while the stock continues to show resilience in its performance metrics.