Vodafone Idea Ltd. Sees Surge in Active Put Options with 9,587 Contracts at Rs 7 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 9,587 contracts traded for puts with a strike price of Rs 7, set to expire on May 29, 2025. This trading activity has generated a turnover of Rs 1,692.064 lakhs, while the open interest stands at 4,227 contracts, indicating a robust engagement from market participants.
Currently, the underlying value of Vodafone Idea is Rs 6.67, which places it 4.29% away from its 52-week low of Rs 6.47. The stock has underperformed its sector by 8.1% today, reflecting a one-day return of -9.50%. This decline follows a trend reversal after three consecutive days of gains. Additionally, Vodafone Idea is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

Despite the challenges, there has been a notable increase in investor participation, with a delivery volume of 22.61 crore on May 16, rising by 9.54% compared to the 5-day average. The stock remains liquid enough for trades of Rs 5.29 crore, based on 2% of the 5-day average traded value. Overall, Vodafone Idea's current market dynamics reflect a complex interplay of trading activity and performance metrics, underscoring the stock's active status in the market today.