SBI Life's Rs 1880 Puts See 3,760 Contracts and Rs 91.65 Lakhs Turnover

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 1898.6. Notably, two put options with expiry dates set for October 28, 2025, have attracted significant trading activity. The put option with a strike price of Rs 1860 saw 3,561 contracts traded, generating a turnover of Rs 23.90 lakhs, while the Rs 1880 strike price option recorded 3,760 contracts traded with a turnover of Rs 91.65 lakhs.
Today, SBI Life Insurance reached a new 52-week high of Rs 1923.9, reflecting a 4.57% increase during the trading session. The stock outperformed its sector by 2.86%, opening with a gain of 2.2%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a decline in investor participation, with delivery volume dropping by 31.06% compared to the 5-day average. The stock remains liquid, with a trading capacity of Rs 2.19 crore based on 2% of the 5-day average traded value.

In summary, SBI Life Insurance Company Ltd is witnessing notable activity in its put options, alongside a strong performance in the stock market, reflecting its robust market position within the insurance industry.