Axis Bank Call Options Surge: Rs 1220 Strike Sees 12,240 Contracts Traded

Axis Bank Ltd. has emerged as one of the most active stocks today, particularly in the options market, with a focus on call options set to expire on October 28, 2025. The stock's underlying value stands at Rs 1198.1, and notable activity was observed across several strike prices. The call option with a strike price of Rs 1220 saw the highest trading volume, with 12,240 contracts traded and a turnover of Rs 925.65 lakhs.
Other significant strike prices included Rs 1210, with 9,409 contracts traded and a turnover of Rs 935.61 lakhs, and Rs 1230, where 5,317 contracts were exchanged, resulting in a turnover of Rs 287.45 lakhs. The open interest for these options indicates robust market engagement, with the highest open interest recorded at 5,310 contracts for the Rs 1230 strike price.

In terms of stock performance, Axis Bank is currently trading close to its 52-week high, just 3.93% away from Rs 1247. The stock has outperformed its sector by 2.03% today, gaining 2.56% in value, following a trend reversal after two consecutive days of decline. It opened with a 4% gain and reached an intraday high of Rs 1216.9. Additionally, Axis Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Overall, Axis Bank's activity today reflects significant investor participation and liquidity, with a delivery volume increase of 19.38% compared to the 5-day average. The stock's performance metrics suggest a solid position within the private sector banking industry.