Axis Bank Sees 1,931 Contracts in High-Volume Put Option at Rs 1200 Strike

Axis Bank Ltd. has emerged as one of the most active stocks in the options market today, particularly in the put options segment. The bank's underlying stock, AXISBANK, is currently valued at Rs 1196.0, just 4.48% shy of its 52-week high of Rs 1247. The put options expiring on October 28, 2025, have seen significant trading activity, with 1,629 contracts traded at a strike price of Rs 1180, resulting in a turnover of Rs 180.82 lakhs. Additionally, the put option with a strike price of Rs 1200 recorded 1,931 contracts traded, generating a turnover of Rs 315.36 lakhs and an open interest of 1,360 contracts.
In terms of performance, Axis Bank has outperformed its sector by 0.45% today, marking a consecutive gain over the last three days with a total return of 5.47%. The stock reached an intraday high of Rs 1206.7, reflecting a 2.18% increase. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The liquidity remains robust, with a delivery volume of 76.96 lakhs, up 27.67% from the 5-day average.

In summary, Axis Bank's notable activity in the options market, combined with its strong performance metrics, underscores its current market position without delving into future implications.