Vodafone Idea's Rs 8 Strike Puts See 3,612 Contracts Traded Amid Market Volatility

Vodafone Idea Ltd., a mid-cap 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 3,612 contracts traded, resulting in a turnover of approximately Rs 929.40 lakhs. The put options have a strike price of Rs 8 and are set to expire on October 28, 2025, with an open interest of 2,603 contracts.
Despite the heightened activity in the options market, Vodafone Idea's stock has underperformed its sector by 1.31% today, reflecting a one-day return of -0.45%. This comes after a brief trend reversal, as the stock has fallen following two consecutive days of gains. However, it is noteworthy that Vodafone Idea is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend.

Investor participation has also seen a rise, with a delivery volume of 22.2 crore on October 3, marking a 35.94% increase compared to the 5-day average. The stock remains liquid, with a trade size of Rs 13.29 crore based on 2% of the 5-day average traded value. Overall, while the stock faces short-term challenges, its underlying metrics suggest a complex market position.