Vodafone Idea Ltd. has emerged as one of the most active stock puts today amid rising investor interest.

Vodafone Idea Ltd., a prominent player in the telecommunication service provider sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The stock, trading under the ticker IDEA, has seen significant activity with 4,486 contracts traded at a strike price of Rs 7, resulting in a turnover of Rs 393.624 lakhs. The underlying value of the stock is currently at Rs 6.8, with an open interest of 3,470 contracts.
Today, Vodafone Idea's performance has notably outperformed its sector by 18.54%, marking a trend reversal after five consecutive days of decline. The stock opened with a substantial gain of 10% and reached an intraday high of Rs 8.15, reflecting a 19.85% increase. The weighted average price indicates that more volume was traded closer to the low price, suggesting active trading dynamics.

Investor participation has also risen, with a delivery volume of 47.26 crore on March 28, up 39.55% compared to the five-day average. The stock remains liquid enough for trades sized at Rs 10.72 crore, based on 2% of the five-day average traded value. Overall, Vodafone Idea's recent activity highlights a significant shift in market dynamics, underscoring its current standing in the telecommunications industry.