Surge in Put Option Activity for One 97 Communications with 3,890 Contracts Traded at Rs 860

One 97 Communications Ltd, the parent company of PAYTM, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company, operating within the Finance/NBFC industry, has seen significant trading activity with 3,890 put contracts traded, reflecting a turnover of approximately Rs 1,009.79 lakhs. The options have a strike price of Rs 860 and are set to expire on May 29, 2025, with an open interest of 1,150 contracts.
In terms of stock performance, One 97 Communications has outperformed its sector by 6.77%, reaching an intraday high of Rs 874, which represents a 7.26% increase. 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. Additionally, the weighted average price suggests that more volume was traded closer to the lower price levels.

Investor participation has also seen a rise, with a delivery volume of 15.8 lakhs on May 6, marking a 3.03% increase compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 2.66 crore based on 2% of the 5-day average traded value.

In summary, One 97 Communications Ltd is experiencing notable activity in its put options, driven by strong stock performance and increased investor engagement, reflecting its solid market position within the finance sector.