Jio Financial Services Sees Surge in Active Put Options with 2,207 Contracts at Rs 310

Jio Financial Services Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying stock, JIOFIN, is currently valued at Rs 331.3. Notably, two put options with expiry dates set for August 28, 2025, have garnered significant attention.
The put option with a strike price of Rs 310 saw 2,207 contracts traded, resulting in a turnover of approximately Rs 190.34 lakhs, while the Rs 320 strike price option recorded 2,452 contracts traded and a turnover of around Rs 395.29 lakhs. Open interest for these options stands at 1,927 and 1,289 contracts, respectively, indicating a robust interest in these positions.

In terms of performance, Jio Financial Services has outperformed its sector by 3.6%, reaching an intraday high of Rs 331.55, reflecting a 3.51% increase. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, it is worth noting that investor participation has decreased, with delivery volume falling by 17.22% compared to the 5-day average.

Overall, Jio Financial Services continues to demonstrate strong market activity, with significant trading in put options reflecting the dynamics of investor sentiment in the current financial landscape.