One 97 Communications Ltd Sees Surge in Put Options Activity Ahead of July Expiry

One 97 Communications Ltd, operating in the Financial Technology (Fintech) sector, has emerged as one of the most active stocks today, particularly in the options market. The company’s underlying asset, PAYTM, has seen significant activity in put options with various strike prices ahead of the expiry date on July 31, 2025.
Notably, the put option with a strike price of 1040 recorded the highest trading volume, with 6,322 contracts traded and a turnover of approximately Rs 1,197.66 lakhs. Following closely, the 1000 strike price put option saw 6,732 contracts traded, contributing a turnover of Rs 528.09 lakhs. The 1060 and 1020 strike price puts also demonstrated notable activity, with 4,215 and 4,362 contracts traded, respectively.

The underlying value of PAYTM stands at Rs 1,037.90, while the stock recently hit a new 52-week high of Rs 1,089, outperforming its sector by 0.63%. However, it experienced a trend reversal today after three consecutive days of gains, opening with a gap up of 2.89% and reaching an intraday high of Rs 1,089.

Despite a slight one-day return of 0.12%, the stock remains above its moving averages, indicating a strong market position. With rising investor participation and sufficient liquidity, One 97 Communications Ltd continues to attract attention in the financial markets.