Jio Financial Services Sees 3,273 Put Contracts Traded at Rs 310 Strike Price

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 stock, trading under the symbol JIOFIN, has seen significant activity in put options, with 3,273 contracts traded, resulting in a turnover of approximately Rs 431.50 lakhs. The put options have a strike price of Rs 310 and are set to expire on October 28, 2025, with an open interest of 1,583 contracts.
Today, Jio Financial Services has outperformed its sector by 1.75%, marking a notable performance trend. The stock has been on a positive trajectory, gaining for four consecutive days and achieving a total return of 6.67% during this period. It reached an intraday high of Rs 315, reflecting a 2.86% increase.

In terms of moving averages, the stock is currently above its 5-day, 20-day, 100-day, and 200-day averages, although it remains below the 50-day moving average. However, there has been a decline in investor participation, with delivery volume decreasing by 4.4% compared to the 5-day average. Despite this, the stock maintains sufficient liquidity for trades, with a market cap of Rs 1,97,206.00 crore, categorizing it as a large-cap entity.

In summary, Jio Financial Services Ltd is experiencing notable activity in its put options, reflecting a complex interplay of market dynamics and investor behavior.