One 97 Communications Ltd Sees Surge in Put Options: 10,721 Contracts at Rs 1160 Strike

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, which has a market capitalization of Rs 73,678 crore, is witnessing significant activity in its put options, with multiple strike prices attracting notable trading volumes.
The put option with a strike price of Rs 1160 saw the highest activity, with 10,721 contracts traded and a turnover of approximately Rs 2,305.39 lakhs. Following closely, the Rs 1100 strike price option recorded 10,199 contracts traded, generating a turnover of Rs 780.84 lakhs. The Rs 1140 strike price option also contributed significantly, with 8,472 contracts traded and a turnover of Rs 1,329.79 lakhs. The underlying value of PAYTM stands at Rs 1,151.6, with open interest levels at 548, 1,408, and 745 for the respective strike prices.

Despite today's trading activity, One 97 Communications underperformed its sector by 0.95%, with a one-day return of -0.42%. The stock is currently trading close to its 52-week high, just 3.22% away from Rs 1,187, and remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown rising investor participation, with a delivery volume of 66.49 lakhs on August 13, reflecting a 54.14% increase compared to the 5-day average.

In summary, One 97 Communications Ltd is experiencing heightened activity in its put options, indicating a notable interest in the stock, while also navigating a challenging trading environment today.