Bajaj Auto Ltd. has observed a substantial rise in put option trading which signals growing risk aversion among investors before the 24 February 2026 expiration date. The most active contracts were at the 9,100 strike price, showing that many traders are preparing for a possible fall or increased volatility in the stock. On 28 January 2026, approximately 4,495 put option contracts were executed at this strike price, resulting in a trading volume of about ₹754 crore.Open interest stood at 720 contracts, meaning several positions are still open and could impact price movement as expiry nears. At that moment Bajaj Auto’s share price reached ₹9,297 which made the 9,100 strike become slightly out-of-the-money yet it provided sufficient hedging capability.
The stock dropped 2.01% for the day while it performed worse than both its sector and the entire market. The market experienced a decline after three days of rising which indicates a temporary market pattern shift. Bajaj Auto reached an intraday low of ₹9,250 which approached the critical option strike making this point essential for traders to monitor.
The stock maintains its position above all three moving averages which include the 50-day 100-day and 200-day moving averages thus creating a positive forecast for its extended future. However, it is trading below its 5-day and 20-day averages, showing short-term weakness. During the session selling pressure rose while prices remained near the lowest point of the day.
The volume of deliveries has decreased. The delivery volume on January 27 showed a 28% decrease when compared to the five-day delivery average which indicated reduced buying activity. Investors used put options as protection because their conviction level dropped. Bajaj Auto operates as a large-cap enterprise whose market capitalization stands at approximately ₹2.6 lakh crore.
The Mojo Score currently stands at 58 which means investors should maintain their current investment position. Although the company maintains its fundamental strength investors have grown concerned about upcoming dangers which resulted in increased put option activity. The market displays a defensive attitude according to the extensive put option trading activity. Investors and traders should monitor price movements at the 9,100 mark while observing option volume and open interest variations to predict the stock’s upcoming movement.
