Surge in Bharti Airtel's Active Put Options: 1,923 Contracts at Rs 1900 Strike Traded

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 2000.6, just 2.01% shy of its 52-week high of Rs 2045.8.
Today, two significant put options have garnered attention. The put option with a strike price of Rs 2000 saw 1,444 contracts traded, resulting in a turnover of approximately Rs 234.90 lakhs, with an open interest of 1,943 contracts. Meanwhile, the put option with a strike price of Rs 1900 recorded 1,923 contracts traded, generating a turnover of around Rs 65.04 lakhs and an open interest of 3,015 contracts.

Despite this activity, Bharti Airtel has underperformed its sector by 0.34% today, with a one-day return of -0.81%. The stock has been on a downward trend, experiencing a consecutive fall over the last three days, resulting in a total decline of 1.4%. Additionally, investor participation appears to be waning, with delivery volume dropping by 35.1% compared to the five-day average.

In terms of liquidity, the stock remains sufficiently liquid for trades around Rs 15.72 crore, as indicated by its trading metrics. Overall, the current activity in Bharti Airtel's put options reflects a notable engagement in the options market, amidst a backdrop of recent stock performance challenges.