Axis Bank Ltd. Sees Surge with 33,754 Active Call Options at Rs 1,100 Strike

Axis Bank Ltd., a prominent player in the private sector banking industry, has emerged as one of the most active stocks today, particularly in the options market. The bank's underlying stock, AXISBANK, saw significant activity with 33,754 call contracts traded, reflecting a turnover of approximately Rs 2,508.34 lakhs. The options have an expiry date set for July 31, 2025, with a strike price of Rs 1,100, aligning with the current underlying value.
Despite this activity, Axis Bank's performance today has been somewhat subdued, underperforming its sector by 0.39%. The stock has shown a slight decline of 0.12% over the last day, marking a narrow trading range of Rs 10.9. Furthermore, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential trend reversal.

Investor participation has seen a notable increase, with delivery volume rising to 1.08 crore shares on July 21, up by 42.66% compared to the 5-day average. The liquidity remains robust, with the stock accommodating a trade size of Rs 31.47 crore, based on 2% of the 5-day average traded value. Overall, while Axis Bank has experienced active trading, its recent performance metrics suggest a cautious outlook.