Surge in Active Put Options for One 97 Communications with 1,453 Contracts Traded

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 1,453 contracts traded, resulting in a turnover of approximately Rs 316.35 lakhs. The put options have a strike price of Rs 920 and are set to expire on July 31, 2025, with an open interest of 1,425 contracts.
In terms of performance, One 97 Communications has outperformed its sector by 2.21%, marking a notable trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 935.9, reflecting a gain of 3.11%. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum.

Despite a decrease in investor participation, with delivery volume dropping by 44.1% compared to the 5-day average, the stock remains liquid enough for trades sized at Rs 3.66 crore, based on 2% of the 5-day average traded value. The stock recorded a one-day return of 3.54%, while the sector and Sensex returned 0.20% and -0.14%, respectively. Overall, One 97 Communications continues to show resilience in a fluctuating market environment.