Jio Financial Services Sees Surge in Call Options with 5,237 Contracts at Rs 340 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 today, showcasing significant trading activity in its call options. The stock, trading under the ticker JIOFIN, has seen a notable performance, outperforming its sector by 3.6%.
Today, the stock reached an intraday high of Rs 331.55, reflecting a gain of 3.51%. The trading volume indicates robust investor engagement, with a total of 57.5 lakh shares delivered, although this represents a decline of 17.22% compared to the five-day average.

In the options market, several call options for Jio Financial Services have attracted attention. The most actively traded option was the call with a strike price of Rs 340, with 5,237 contracts traded and a turnover of Rs 871.33 lakh. Other notable options include the Rs 325 strike price with 3,256 contracts and a turnover of Rs 973.28 lakh, and the Rs 350 strike price with 4,846 contracts and a turnover of Rs 505.63 lakh.

The underlying value of JIOFIN stands at Rs 329.9, and the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With an open interest of 903 for the Rs 325 strike and 2,544 for the Rs 350 strike, the liquidity remains favorable for trades of significant size, estimated at Rs 10.88 crore.

In summary, Jio Financial Services Ltd is experiencing heightened activity in both its stock and options, reflecting its strong market position and performance metrics.