Vodafone Idea Ltd. Sees Surge with 13,846 Active Put Options at Rs 7 Strike Price

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, has seen significant activity with 13,846 contracts traded, resulting in a turnover of Rs 2,605.68 lakhs. The put options have a strike price of Rs 7 and are set to expire on May 29, 2025, with an open interest of 4,497 contracts.
Currently, Vodafone Idea's stock is valued at Rs 6.75, just 2.56% away from its 52-week low of Rs 6.47. The stock has underperformed its sector by 1.2% today and has experienced a consecutive decline over the past two days, with a total return of -9.91% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite these challenges, there has been a notable increase in investor participation, with a delivery volume of 58.87 crore on May 19, reflecting a rise of 171.59% compared to the 5-day average. The stock remains liquid enough for trading, with a size of Rs 5.73 crore based on 2% of the 5-day average traded value.

In summary, Vodafone Idea Ltd. is currently navigating a challenging market environment, marked by declining stock performance and increased put option activity, highlighting the ongoing volatility in its trading landscape.