Surge in Put Options: Jio Financial Services Sees 2,832 Contracts at Rs 290 Strike

Jio Financial Services Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active stocks in the market today, particularly in the options segment. The company’s put options, specifically with a strike price of Rs 290 and an expiry date set for May 29, 2025, have seen significant trading activity, with 2,832 contracts exchanged and a turnover of Rs 75.81 lakhs. The open interest stands at 823 contracts, indicating a robust interest in these options.
In terms of stock performance, Jio Financial Services has outperformed its sector by 0.61%, reflecting a positive trend. The stock has gained 4.31% over the last two days, with a notable intraday high of Rs 299.25, marking a 2.69% increase. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

Investor participation has also risen, with a delivery volume of 81.36 lakhs on May 27, up 39.49% compared to the 5-day average. The stock's liquidity remains healthy, accommodating trades of up to Rs 8.88 crores based on 2% of the 5-day average traded value. Overall, Jio Financial Services continues to demonstrate significant activity and resilience in the current market landscape.