SBI Life Insurance Sees Surge in Active Put Options with 9,058 Contracts at Rs 1700 Strike

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 company, operating within the Finance/NBFC industry, has seen significant trading activity in its put options with expiry set for May 29, 2025. Notably, the put option with a strike price of Rs 1600 recorded 7,479 contracts traded, generating a turnover of approximately Rs 590.04 lakhs, while the Rs 1700 strike price option saw 9,058 contracts traded, resulting in a turnover of around Rs 1,829.82 lakhs.
The underlying value of SBI Life stands at Rs 1,693.5, reflecting a strong market position. Today's performance indicates that the stock has outperformed its sector by 6.42%, reversing a three-day decline with an opening gap up of 7.17%. The stock reached an intraday high of Rs 1,762, marking a 9.56% increase. Despite a decrease in investor participation, with delivery volume down by 39.94% against the five-day average, SBI Life remains liquid enough for trades sized at Rs 3.67 crore.

In summary, SBI Life's notable activity in the options market today highlights its resilience and market dynamics, with key financial metrics reflecting a positive turnaround amidst fluctuating investor engagement.