Surge in Bharti Airtel Ltd's Put Options: 6,223 Contracts Traded at Rs 2,000 Strike

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 put options, set to expire on July 31, 2025, have seen significant trading activity, with 6,223 contracts exchanged, resulting in a turnover of approximately Rs 1,058.52 lakhs. The strike price for these puts is set at Rs 2,000, while the underlying stock is currently valued at Rs 2,020.
Despite this activity, Bharti Airtel's stock has underperformed its sector by 0.3% today, reflecting a one-day return of -0.84%. The stock is currently just 1.29% away from its 52-week high of Rs 2,039, indicating a strong market position. However, it has experienced a trend reversal after three consecutive days of gains, trading within a narrow range of Rs 13.2.

Additionally, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. However, investor participation has seen a decline, with delivery volume dropping by 15.45% compared to the 5-day average. Bharti Airtel's liquidity remains robust, accommodating trades up to Rs 24.58 crore based on 2% of the 5-day average traded value. Overall, the activity in Bharti Airtel's puts highlights the dynamic nature of its trading environment amidst fluctuating market conditions.