Vodafone Idea Ltd. Sees 2,044 Contracts in Rs 8 Strike Price Puts Trading

Vodafone Idea Ltd., a mid-cap player in the Telecom Services industry, has emerged as one of the most active stocks today, particularly in the options market. The company’s put options, set to expire on October 28, 2025, have seen significant trading activity, with 2,044 contracts exchanged at a strike price of Rs 8. This activity has generated a turnover of approximately Rs 642.82 lakhs, while the open interest stands at 2,370 contracts, indicating a robust interest in these options.
In terms of performance, Vodafone Idea's stock has outperformed its sector by 3.68% today, with a one-day return of 2.95%. The underlying value of the stock is currently at Rs 8.37. Notably, the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average, suggesting mixed short-term trends.

Despite a notable decline in investor participation, with delivery volume dropping by 48.15% compared to the 5-day average, the stock remains liquid enough for trades sized at Rs 13.37 crores, based on 2% of the 5-day average traded value. Overall, Vodafone Idea's current activity reflects a complex interplay of market dynamics within the telecom sector.