Jio Financial Services Sees Surge in Active Put Options Amid Strong Market Momentum

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 options market today, particularly with its put options. The company’s underlying stock, JIOFIN, is currently valued at Rs 324.6. Notably, two put options with expiry dates set for July 31, 2025, have garnered significant attention. The put option with a strike price of Rs 320 saw 5,723 contracts traded, resulting in a turnover of approximately Rs 1,135.1 lakhs, while the Rs 310 strike price option recorded 6,442 contracts traded and a turnover of around Rs 797.8 lakhs.
Jio Financial Services has outperformed its sector by 1.42% today, continuing a positive trend with a 12.08% increase over the last five days. The stock reached an intraday high of Rs 330, reflecting a 2.03% gain. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the stock has shown rising investor participation, with a delivery volume of 1.75 crore on June 27, up 99.31% compared to the 5-day average. With an open interest of 1,492 for the Rs 320 strike and 1,855 for the Rs 310 strike, Jio Financial Services is demonstrating robust liquidity, making it a focal point in today’s trading activity.