Surge in Active Put Options for Vodafone Idea with 2,493 Contracts at Rs 6 Strike

Vodafone Idea Ltd., a prominent player in the Telecom Services industry, has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The company’s underlying stock, IDEA, is currently valued at Rs 6.89. Notably, there were 2,493 put contracts traded with a turnover of Rs 149.64 lakhs, indicating significant activity among investors. The put option has a strike price of Rs 6 and is set to expire on June 26, 2025, with an open interest of 2,637 contracts.
In terms of performance, Vodafone Idea has underperformed its sector by 2.58% today, marking a trend reversal after five consecutive days of gains. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a bearish sentiment. Additionally, investor participation has declined, with a delivery volume of 10.59 crore shares on May 29, down 38.38% compared to the 5-day average.

Despite the liquidity being adequate for a trade size of Rs 7.09 crore, the stock has recorded a one-day return of -3.08%, while the sector and Sensex returned -0.78% and -0.39%, respectively. This activity underscores the current volatility and investor dynamics surrounding Vodafone Idea, highlighting the ongoing challenges faced by the telecom giant.