SBI Life Insurance Sees 15,798 Put Contracts Trade at Rs 1,880 Strike Price

SBI Life Insurance Company Ltd has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The underlying stock, SBILIFE, is currently valued at Rs 1898.0, just 0.23% shy of its 52-week high of Rs 1923.9. The company has seen significant activity in its put options, with 15,798 contracts traded, resulting in a turnover of approximately Rs 297.4 lakhs. The strike price for these puts is set at Rs 1880, and the open interest stands at 795 contracts.
In terms of performance, SBI Life has outperformed its sector by 0.69% today, marking a consecutive gain over the last two days with a total return of 4.33% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, investor participation has risen significantly, with a delivery volume of 10.54 lakhs on October 27, reflecting a 189.97% increase compared to the 5-day average.

With a market capitalization of Rs 1,90,784.00 crore, SBI Life operates within the large-cap insurance sector, showcasing robust liquidity for trades sized at Rs 3.6 crore. Overall, the activity in SBI Life's put options highlights a notable interest in the stock amidst its recent performance trends.