Bharat Electronics Ltd Sees Surge in Active Put Options as 9,037 Contracts Traded at 280 Strike

Bharat Electronics Ltd (BEL), a prominent player in the defence sector, has emerged as one of the most active stocks in the options market today, particularly in put options. The company, with a market capitalization of Rs 2,07,707.37 crore, has seen significant trading activity in its put options set to expire on April 24, 2025.
Notably, the put option with a strike price of 280 has recorded the highest activity, with 9,037 contracts traded and a turnover of approximately Rs 2,391.55 lakh. This is followed closely by the 275 strike price put, which saw 6,012 contracts traded and a turnover of Rs 1,267.90 lakh. The 270 strike price put also demonstrated robust activity, with 5,966 contracts traded and a turnover of Rs 944.46 lakh. The underlying value of BEL stands at Rs 281.55, indicating a stable position in the market.

Today's performance shows that BEL is inline with its sector, having gained 0.62% over the day, following two consecutive days of decline. The stock's moving averages indicate it is currently higher than the 50-day and 100-day averages, yet lower than the 5-day, 20-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 88.97% compared to the 5-day average.

In summary, Bharat Electronics Ltd is experiencing heightened activity in its put options, reflecting a dynamic trading environment as it navigates recent market fluctuations.