Surge in Bharti Airtel's Call Options: 28,058 Contracts Traded at Rs 1,960 Strike Price

Bharti Airtel Ltd, a prominent player in the Telecom Services industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, BHARTIARTL, saw significant activity with 28,058 call contracts traded, resulting in a turnover of approximately Rs 1,055.67 lakhs. The options have an expiry date set for June 26, 2025, with a strike price of Rs 1,960.
Despite hitting a new 52-week and all-time high of Rs 1,963 today, Bharti Airtel underperformed its sector by 0.27%. The stock is currently valued at Rs 1,933.50, which is above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong trend in the short to medium term. However, there has been a notable decline in investor participation, with delivery volume dropping by 69.45% compared to the 5-day average, totaling 17.72 lakhs on June 23.

Open interest stands at 3,533 contracts, reflecting ongoing interest in the stock. With a market capitalization of Rs 11,02,787.17 crore, Bharti Airtel remains a significant entity in the large-cap segment. Overall, the activity surrounding Bharti Airtel today highlights a complex interplay of performance metrics and market dynamics.