Surge in Vodafone Idea Ltd. Put Options: 2,077 Contracts Traded 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, has seen significant activity with 2,077 put contracts traded, resulting in a turnover of Rs 116.368 lakhs. The options have a strike price of Rs 6 and are set to expire on June 26, 2025, with an open interest of 3,452 contracts.
Currently, Vodafone Idea's stock is valued at Rs 6.71, which places it just 3.87% above its 52-week low of Rs 6.46. The stock has underperformed its sector by 2.21% today and has experienced a consecutive decline over the past two days, with a total drop of 4.41% during this period. It is also 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 87.83 crore on June 3, reflecting a 345.46% rise compared to the 5-day average. The stock remains liquid enough for trades, with a size of Rs 10.85 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 notable put option activity and fluctuating performance metrics.